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• Silver Chains (183)

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About Chains

Chains are popular in sterling silver or 9k, 14k, 18k gold.

Necklace chains can be worn by themselves or with a gemstone pendant. Chains are offered at wholesale prices.

TO FIND GOLD CONTENT AND DOLLAR VALUE, USE THE FOLLOWING FORMULA:

KARAT DIVIDED BY 24, MULTIPLIED BY SPOT PRICE, AND DIVIDED BY 20 EQUALS THE PRICE PER PENNYWEIGHT.

EXAMPLE:

9K DIVIDED BY 24 EQUALS .375

.375 MULTIPLIED BY $921 (SPOT PRICE) EQUALS $345.37

$345.37 DIVIDED BY 20 EQUALS $17.26 (PRICE PER PENNYWEIGHT)

$17.26 x .643 equals $11.09 per gram.

Production fee for average small gold chain is $2.20 per gram.

At today's price (29-1-2008) 9k chain would cost $13.29 per gram.

Same formula for today's price of an 18k gold chain is $22.20 per gram.

Large gold chain, production cost $5.00 per gram plus profit margin.

More about Chains.

Auctions > Chains