Genuine 14k and 18k gold rings in mens and womens sizes and styles
TO calculte GOLD CONTENT AND DOLLAR VAULE 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 todays price 29-1-2008 9k chain would cost $13.29 per gram 18k gold chain same formula for todays price is $22.20 per gram.Large gold chain production cost $5.00 per gram plus profit margin
