Sell Gold For Cash
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Gold Per Gram

For those of you who are thinking about selling gold jewelry, it is crucial that you understand fully how to determine the price for gold jewelry. Not only this can help you to tell a good deal from a bad one, it also helps to analyze your competitors and understand the market better before you make any investment.

Gold price
The most important part of wholesale gold jewelry trading is to understand the breakdown of the cost of a piece of gold jewelry. Let's say the current good price is 0 per ounce. To calculate the cost of gold for a piece of 14 karat gold jewelry that weighs 3 gram without any stones, we first divide the price per ounce by 31.5, to get the price per gram, which is .87. This is the price of pure gold. To convert this to 14K gold, knowing that there are 24 karats in pure gold, we divide .87 by 24 and multiply the result by 14. The price per gram for 14k gold is roughly .26. Therefore, the total cost of the gold for a 3 gram ring would be .78.

Labor Cost
Another major part of the cost for a piece of gold jewelry is the cost for labor, especially for pieces set with precious stones. Gold jewelry generally requires some filing and polishing after it is cast out of the mold. The labor cost can sometime be as high as per gram, depending on the origin of the jewelry and the style. In addition, the cost of setting any stones on a gold jewelry can be over one dollar per stone. Certain advanced setting such as channel set and invisible set cost even more because of the high level of craftsmanship required.

Markup of Competitors
A good way to analyze if a certain style of gold jewelry is profitable and beneficial for a business is to understand your competitors' prices. Since you already know how to calculate roughly the cost of a piece of jewelry, and therefore the price that you can get it, buy looking at the markups of your competitors, you may get an idea of how severe the competition is. For instance, if the competitors are marking up the jewelry three times of the cost, the competitiveness of that style is not really that high. On the other, if everyone has the same pricing and the markup is 50% above the cost, the style might have already saturated the market.

Volume trading
Another angle of looking at the pricing issue is that when the competitors are marking up at a low margin, the item is probably accepted by a lot of consumers. The justification behind it is that when the profit per piece is low, and people are trading them actively, there probably is a high demand for it. On short, the higher the profit margin, the low the volume of sales and the low the profit margin, the higher could be the volume of sales. Another point that is worth noting is that the volume theory also applies to jewelry vendors. If you buy in large quantity, pricing should go down automatically. Therefore, running a successfully business involves getting the balance between all the factors within the resources and infrastructure you have such as employees and capital.

Closeout Jewelry
Since jewelry business is highly time-sensitive, styles that were once popular several months ago may not sell at all couple months later. Therefore, when buying gold jewelry wholesale, you should estimate the monthly sales and stock according to the sale volume. For example, you may want to stock a certain style for two months worth of stock and restock it when it runs out in order to minimize the closeout items in the inventory, which is sometimes referred to as inventory shrinkage.

By understanding the market and your competitors before buy wholesale gold jewelry, you can reduce the mistakes during your entrepreneurial endeavor, thus increase the chance of succeeding tremendously.

Frequently Asked Questions

  1. QUESTION:
    What is the price of gold per gram in jewelry?
    I want to buy a gold ring from a pawn shop, but I don't know if is overpriced? What is the price of gold per gram?

    • ANSWER:
      Most jewelry isn't sold "by the gram" It's so for how it looks, its quality, etc.... so you're paying a premium over what the gold is actually worth

  2. QUESTION:
    What the price on 10KT and 14KT scrap gold per gram?
    Anyone know the answer if I want to scrap my 10KT and 14KT gold jewelery per gram. Serious answers and thanks in advance.

    • ANSWER:
      Prices vary daily. Check out the site below or one like it.

      As of January 18, 2008 the following are typical (per troy ounce):

      10k karat Gold 0.10

      14k karat Gold 3.25

      There are 31.103 grams per troy ounce, so divide the prices above by this number to get price per gram.

  3. QUESTION:
    What's a fair price to sell your 14k and 18k gold per gram to dealer?
    I have some 14k gold to sell. One dealer offered 16.00 per gram. Is this a fair price based on current value of gold, or am I being taken?

    • ANSWER:
      a gram for 14k is pretty damn good. I know in vegas right now alot of places are offering between and a gram for 14k. If you wanna know what the total worth per gram is you just have to do some basic math.

      Goto monex.com and look at live prices, as I write this now its at ,113 per ounce. Now to figure out the per gram price we have to take 1113 / 31.103 X the purity of gold(31.103 is a troy ounce, which is whats used in gold trading), which in this case is 14k so the purity is .585 which comes out to .93. Now may seem cheap when compared to but they must make some money also.

      If your dealing with a pawn shop then they will resell the gold to a company that melts it down. They get anywhere between 90% and 98% of the .93(or whatever the price is that day) from the melt down company.

      If you wanna do the math on your 18k pieces then the purity is .750 instead of the .585 of 14k.

  4. QUESTION:
    I would like to know the current cost of 18k white gold per gram in US dollars?
    And what is the price diffrence between selling and buying 18k white gold per gram?

    • ANSWER:
      For 1 ounce of 24k gold people ask 6.80 (04/22/2009 06:18) as Em Kher said.
      So price of 18k gold = 75% from price of 24k gold
      18k gold cost ~ 75% * 6.80 = 5.1 per ounce

      1 gram = 0.0352739619 ounces

      Then price for 18k gold per gram cost 5.1 * 0.0352739619 = .46

      Answer: 18k white gold cost .46 per gram

      ---------------------------------
      http://buywhitegold.org

  5. QUESTION:
    today gold rate in chennai 22ct gold per gram i need the rate per gram gold coin?
    I want to know the 22ct gold per gram today(28.09.2009) rate in chennai Please send immedt reply to me

    • ANSWER:
      To day is holiday at trichy. Immediatly i am unable to answer your question. I will reply tomorrow morning. pls wait till that time

  6. QUESTION:
    How much is gold per gram?
    Selling price of gold/gram here in the Philippines?

    • ANSWER:
      If you are in or near a big city, the easiest way is to find a gold dealer. They usually let you call for a free quote.

      If you want to watch the price more carefully, then you will need to be able to find it for yourself. To do this, you need to know the spot price of gold, which is available at

      http://quotes.ino.com/

      Many other sites give you a futures price but this one is the correct spot. Note that the price is in ounces, and we'll deal with that in a moment.

      Since gold is quoted in dollars on that site, you need to convert the spot price to Philippine pesos. This is available at

      http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=PHP&submit=Convert

      Multiply the spot price, which is about 780 as I am writing this, by the conversion rate, which is about 44. The price would then be 780 x 44 = 34,320 PP/ounce.

      To get the cost of a gram, divide by the conversion rate from grams to ounces, which is 28.3495.

      So right now you have 34,320/28.35 = 1210.6 PP/gram

      Best of success.

  7. QUESTION:
    Is one gram of gold per metric ton of tailings (sand) feasible for a mining project?
    I am in control of over five million metric tons of copper tailings(sand) with gold content of 1 gram per metric ton. Can i make money on this? Any advice pls?

    • ANSWER:
      not likely between labor and equipment costs - you would need 450+ metric tons just to get one ounce of gold (dust/specs), which when melted down may yield less - how are you actually finding that one gram in a huge 2200 pound pile of sand? - gold isn;t magnetic, so you can't find it that way

  8. QUESTION:
    Anyone into mining? Is 1 gram of gold per metric ton of copper tailings feasible for a mining project?
    I am in control of over 5 million metric tons of copper tailings with gold content of 1 gram per metric ton? Is this feasible for a mining project ? Any advice pls?

    • ANSWER:
      well do the math my friend if that holds true then you controll 5 million grams ofg gold....that in turn equals out to178,571 ounces of gold...now figure todays gold prices per once then figure how much it will cost to extract the gold from the ore tailings and you get you answer...if the profit is worth the effort to you then go for it!!!!

  9. QUESTION:
    How much is gold worth per gram in Dubai?
    How much is gold worth per gram in Dubai? Why it is cheap there? I heard rumours that gold are cheap in dubai.
    Also, how much gold you can bring to india for your families as a gift.. where lies the limit?

    • ANSWER:
      keeps changing by the day. today rate is Dhs116.25 per gm for 24kt

  10. QUESTION:
    What is the current price of gold per gram in American dollars?
    per gram?
    per ounce?

    • ANSWER:
      Live Spot Gold Price Calculator - http://www.etoolsage.com/Calculator/pMetals.asp?toolsort=5000

  11. QUESTION:
    Can Anyone Tell Me The Best Place In Birmingham That Buys Gold Per Gram??
    I have just under a 2 oz gold chain and really need to sell it. Ive been offered scrap prices of 4.50 per gram to 5.50 per gram but ide have to travel. does anyone know the best jewellery shop in birmingham that gives a good price per gram.

    • ANSWER:
      Cookson Gold is based in Birmingham they are the biggest supplier of gold to the jewellery trade in the UK. I am pretty sure they buy scrap gold from the general public.
      Here is their website,
      http://www.cooksongold.com

      I hope this is useful to you.

  12. QUESTION:
    What is the rate of gold per 10 gram in dubai today and coming days?
    please inform me about the rate of gold per 10 gram in dubai in the coming days till 30th june.

    • ANSWER:
      Dubai's bankrupt

  13. QUESTION:
    what is the price of gold per gram?
    what is the price for white and yellow gold per gram?
    did the price of diamonds and gold drop, or increase during this recession? thanks for any answers!

    • ANSWER:
      According to kitco.com, the current price of gold is US$ 712.10 per troy ounce. There are 31.1 grams in a troy ounce, so the price of gold is .90 per gram.

      The international standard unit for precious metals trade is troy ounces, a rather obscure unit.

      White gold and yellow gold are imprecise trade names for gold alloyed with other metals. You'd have to know the type and quantity of the "impurities" before determining the price of those alloys.

      The price of diamonds is dependent on the 4 C's, and is controlled by the DeBeers monopoly, so the price of diamonds is not affected by this recession. Surprisingly, the price of precious metals has softened...so far anyway.

  14. QUESTION:
    Roughly how much is 10k and 14k gold worth per gram?
    I don't understand the Troy ounce thing (Pennyweight) so I would like to know how much 10k, 14k, and 18k gold are worth per gram. Answers do not have to be bang on...just an estimate so I can determine how much my gold is worth if I decide to sell/scrap.

    Answer in grams....please! Thank you to all who read this.

    • ANSWER:
      Depends on who you are selling it to. Going rate could be anywhere from 6 to 12 a gram US if it's scrap. Obviously numismatics are different.

  15. QUESTION:
    What should I be able to get for my 14k gold per gram today?
    One store offered me , then the next place offered me . When I said I was already offered he went up to . What should I try for?
    Thanks!

    • ANSWER:
      http://www.kitco.com/charts/livegold.html

  16. QUESTION:
    Does anyone know what the price per gram is for 10kt gold right now?
    I have a 10kt gold ring that weighs 5.3 grams and I need to find out what the price of gold is per gram

    • ANSWER:
      Its whatever the price of gold is divided by 28.4......

  17. QUESTION:
    What was the rate of 22 ct gold per gram, 7 years 3 months ago in Madurai of India.?
    Approximate rate at any place in India about 7 years ago also will do.
    I am happy to receive instant answers. If I get the rate per gram in Indian Rupees, I will be very happy.

    • ANSWER:
      approx 463 Indian rupee for 1 gram of 22k in 2002

      __________________

      -24k world gold price on June 2002: approx 9.00.oz.
      -9 minus for 22k (90% gold) = 9.00oz
      -Divided 31.1 per gram into 289.00 = $ 9.20 per gram in 2002.
      -Converted 9.20 to 463.956 for 2002 average exchange ratio in India.

  18. QUESTION:
    What is the price of gold per gram right now?
    24k is per gram
    18k is per gram
    14k is per gram
    10k is per gram

    • ANSWER:
      Usually the price of gold is measured per troy ounce. This is the price that is listed in major media sources. Right now the price of gold is US0.31/tr. oz. If you would like to figure out how many troy ounces there are in a gram, simply go to Google and type in "1 troy ounce in grams." Now take the 0.31 and divide it by that number. That should get you the price of gold per gram.

      Gold is essentially a hedge against inflation because when people fear that the value of the US dollar is falling (as it has been steadily for a while now) compared to other currencies, it is wise to hold gold, which, historically, holds its value extemely well. If left to our own devices, the economy would tend naturally to a gold standard, but actions by the US government such as the seizing of gold holdings and the powers instilled to the Federal Reserve keep this from happening. As they say, whoever is in charge of the currency is in charge of the economy.

  19. QUESTION:
    What is the price per ounce or gram of White gold?
    I am doing a project in chemistry and have looked everywhere but cannot seem to find the price of white gold. I do not want the price of jewelry with white gold in it. I would just like to know the price of white gold per ounce or gram. Thanks in advance!

    • ANSWER:
      It is impossible to give one answer for the price of white gold.

      White gold is a mixture of gold with either nickel, palladium or platinum. In addtion the mixtures or amounts of these metals to the gold can vary. If platinum is mixed with the gold the price is higher than pure gold. Nickel and palladium result in less expensive mixtures.

      On a per carat basis white gold is almost always more expensive than "yellow" gold. Yellow gold in jewelery is usually gold mixed with copper and or zinc.

  20. QUESTION:
    How much is 10k and 14k gold worth per Gram in USA?
    I have a 10k and 14k gold chain that I'd like to sell. I want to know how much a gram of each k is worth so I'll have an idea of the asking price.
    Both are solid gold figaros. I'll have the exact weight later on today.

    • ANSWER:
      This chart gives you an idea of how much gold is actually in jewelry based on Karats

      http://www.goldintomoney.com/precious-metals/how-to-read-gold-karats-and-understand-gold-color

  21. QUESTION:
    How much is gold per gram in australia market?

    • ANSWER:
      All numbers below are shown in US$.
      Conversion: 1 US$ = 1.1 AUD

      Value is dependent on gold content, i.e. is it 10K, 14K, 18K, or pure gold at 24K?

      Based on todays price of approx. 0 per ounce, scrap value of One (1) gram of gold is as follows:

      10K .27 per gram.
      14K .56 per gram
      18K .13 per gram
      24K .51 per gram

      I checked a few things selling on ebay. They are going for roughly about the same prices as shown in the above table.

      Hope this helps.

  22. QUESTION:
    How much is gold per gram, per ounce, per pound?

    • ANSWER:
      Ounce - 1,144.1 USD
      Gram - 36.79 USD
      Pound - 18,305.6 USD (16 oz in a lb)

  23. QUESTION:
    What is the exact conversion calculation for gold rate per gram in indian rupees from per ounce in u.s dollar?
    I clearly know that the value of one troy ounce is 31.1034 but when we use this to convert indian gold rate it falls or exceeds that value for about twenty to thirty indian rupees please provide me with exact calculation. Thanks in advance.

    • ANSWER:
      There are two factors at work:

      1 troy ounce = 31.1034768 grams.

      1 $US = 46.3600 INR (variable)

      You can see the rate directly here:

      http://www.kitco.com/market/inr_charts.html

      Grandpa

  24. QUESTION:
    What is the current price of gold per gram?

    • ANSWER:

  25. QUESTION:
    How to convert dollar ounce gold rate to 22 carat UAE Dirhams per gram gold rate?
    Wondering how to do this ?
    Otherwise 10 gms of 24 Carat gold is equal to how many gms of 22 carat gold ?

    • ANSWER:
      1 ounce of gold = $ 1160
      1 ounce = 31.1 gms
      $ 1 = AED 3.657
      1 gm of 24 carat = 1.09 gm of 22 carat
      so from 31.1 gms for 24 carat gold you get
      31.1 * 1.09 gms = 33.899 gms of 22 carat

      Now, 33.899 gms of gold is = 1160
      1 gms of gold is = 1160/33.899
      = $ 34.219
      = 34.219 X 3.657
      1 gms of gold = AED 125.139

  26. QUESTION:
    what is the Gold price per gram?
    what is the price of gold per gram?

    • ANSWER:
      0.25 per ounce. 28.3495231 grams per ounce. Thus, .64 per gram.

  27. QUESTION:
    What is the current price for Gold per gram?
    its for a science project!

    • ANSWER:
      Here they post prices per troy ounce or per kilo. You can look at the current price anytime:

      http://www.kitco.com/market/us_charts.html

      right now a kilo is ,829.80US, so a gram would be .83

      Grandpa

  28. QUESTION:
    Current 22k gold price per gram as of 8/20/2008?
    Can anybody tell me the current gold price for 22k gold per gram in hyderabad/Andhra Pradesh. I heard that recently the gold price has come down, but I want to know the exact amount. Thanks. And if we want to buy a gold biscuit, then how many grams of gold does it have? And how much that would cost if bought today/tomorrow or in the next 7 days.

    • ANSWER:
      You can look up gold prices here:

      http://www.kitco.com/market/inr_charts.html

      Based on a current price of 1165.68INR / troy ounce for 24K gold, my spreadsheet says 22K gold would be 1068.54INR / gram.

      I have heard of gold biscuits, but I believe they are available in different weights.

      The price of gold has risen the last few days, but it could go back down, or it may go higher.

      Grandpa

  29. QUESTION:
    How much is a 14K gold per gram right now?

    • ANSWER:
      You have to multiply the price for 24K gold by 14/24 or .5833 to get the price for 14K gold. Also, there are 31.1 grams per troy ounce.
      SO: Find the price per troy ounce at the following web site:
      http://www.kitco.com/market/
      Today, that is 5.80 for 24K gold. Dividing by 31.1 gives the price per gram, which is .05. Now, for 14K gold, multiply that by .5833, which gives you .11 per gram of 14K gold.

  30. QUESTION:
    How much is a 14K gold per gram right now?

    • ANSWER:
      right now at 11.38pm western australia time it is worth .25 a gram,,,,

  31. QUESTION:
    WHAT IS THE PRICE OF 14KT SCRAP GOLD PER GRAM?
    I HAVE SOME14KT GOLD THAT WEIGHT 41 GRAMS. I WANNA KNOW WHAT I SHOULD GET FOR THAT IF I WAS TO SELL IT. SOMEONE PLEASE HELP !!

    • ANSWER:
      At current spot price of 75 per ounce, its worth about .80 per gram. So 41 grams would be worth about ,000. Probably get a little less than that at gold dealers. Hope this helps, mule.

  32. QUESTION:
    What is the current price of 14k gold per gram?

    • ANSWER:
      Hi
      14k gols is about 58% pure, there are 28 grams per ounce. If gold was at 00.00 per ounce thats 1200/28=42.85 x58% = .85 gold value.

  33. QUESTION:
    how much is the rate of gold per gram here in philippines and in japan today?

    • ANSWER:
      join the 1ka10 and check your trading skills and u can learn lot of for indian stock market as well.
      visit http://www.1ka10.com

  34. QUESTION:
    What is the current cost of gold per gram in US Dollars?

    • ANSWER:
      It is .50.

      Since the current 24 hour spot price of gold is USD 793.10 per troy ounce and one troy ounce is = 31.1034768 grams, gold currently costs 793.20 $/oz divided by 31.10 g/oz (or USD .50 per gram).

  35. QUESTION:
    How much is gold currently per gram?
    Say the $gold index is at 1000 (to make things simple). How much is the gold today. Is the 1000 meaning 00/ounce? per kg? Thanks in advance....

    • ANSWER:
      This "INVESTMENT GUIDE" is more helpful for you to make your money to make money for you,without taking any risk.
      To gain more information TO KNOW ABOUT GOLD CURRENTLY,just gothrough the site
      http://www.savings4future.com .........
      GOOD LUCK

  36. QUESTION:
    How much is it per gram gold now?
    I want to know the price for pre gram of 22 karet gold

    • ANSWER:
      Karat is 1/24 pure gold by weight. Thus, 24K is considered pure gold.

      If 24K is pure gold, then 18K is 75% gold, 14K is 58% gold etc. Given an approx spot gold price of 00/oz., scrap value of One (1) gram of gold is as follows:

      10K .67 per gram.
      14K .49 per gram
      18K .64 per gram
      22K .15 per gram
      24K .93 per gram

      I checked a few things selling on ebay. They are going for roughly about the same prices as shown in the above table.

  37. QUESTION:
    How much would 14k gold cost per gram?
    Post if you need more information :) thanks for answers that are good.

    • ANSWER:
      You can check the price of 24K gold here:

      http://www.kitco.com/market/us_charts.html

      As I write this, spot price is 674.46US per kg or about .67US/gram. Your gold is 14K, so multiply the current gold price by 14/24 , which gives us .81US/gram.

      Spot prices are funny, when you are buying, everybody wants you to pay a premium over spot. When you are selling, everybody wants a discount. In the end, your jewelry is worth whatever someone will pay you for it.

      Grandpa

  38. QUESTION:
    What is cost of gold per gram in the Indian market?

    • ANSWER:
      Look at your pocket and and decide when you want to buy, it will be at that rate !!!!!

  39. QUESTION:
    How much per gram or ounce do gold buyers pay for old gold?
    I know the price of gold is over 00.00 per ounce right now, but I'm wondering what jewelers and pawn brokers pay for your unwanted old gold. Has anyone sold their old gold and know exactly what they were paid per ounce or gram?

    • ANSWER:
      The quoted price of gold (,100 plus per ounce) is for pure gold (24 carats). Most reputed jewellers will pay you the current market price for the pure gold portion of the jewellery. However, since most jewellery in North America is made from lower quality gold (often 18 carats or less), you will get less than ,100/ounce. As for pawn brokers, they may pay whatever they can get away with. I would advise you to talk to more than one jeweller before selling your jewellery.

  40. QUESTION:
    Selling jewelry, what is gold worth per gram?
    The guy weighed it and said he would give me 23.36 per gram, but is that including the diamonds on the pendant, or just the gold? I'm not sure how this is done.

    • ANSWER:
      As of this moment, pure (24K) gold is at .94 per gram. Jewelry is never 24K, however. As an example, 18K gold is 18/24 or 75% gold. 12K is 12/24 or 50% gold. Thus, 18K gold is .94 x 0.75 = .20 per gram and 12K is .94 x 0.50 = .47 per gram.
      Based on what you were offered, I'm guessing that what you have is 18K or better. The offer you got is typical for a jewelry store or pawn shop. You would probably do 10 - 20% better at a coin shop. Unless your piece has larger diamonds on it, you will receive nothing for them.

  41. QUESTION:
    Uk only Scrap Gold how much is it worth per gram ?
    what is the going rate for solid 9ct gold per gram

    • ANSWER:
      i think its about £6 pound a gram

  42. QUESTION:
    how we get price of gold per gram from 1oz.?
    how we get price of gold per gram.

    • ANSWER:
      The price of gold and other precious metals is quoted as US$ per TROY OUNCE, which is not the same as the normal ounce
      1 troy ounce = 31.1034768 grams

      Therefore, you divide the dollar price by 31.1034768 to get the dollar price per gram.

  43. QUESTION:
    Today gold rate in chennai 22ct gold per gram i need the rate per gram?

    • ANSWER:
      22 Ct Gold/gm is Rs. 1,731.00.

  44. QUESTION:
    How much is 18kt gold per gram?

    • ANSWER:

  45. QUESTION:
    can anyone tell me the curet price of gold per gram?
    its part of my history homework.
    please help soon!

    • ANSWER:
      This is tricky.

      Gold is traded in Troy ounces, and according to
      http://www.goldprice.org/gold-price.html
      1 Troy ounce = 31.1034768 grams

      (Your normal 1/16 lb Avoirdupois ounce = 28.35 g)

      They quote the price of gold at around 4 / oz.
      which comes to about .24 / g

      They also quote it in about 20 other currencies besides USD.

      Or if you are lazy, just go directly to
      http://goldprice.org/gold-price-per-gram.html
      .

  46. QUESTION:
    How much is gold selling for right now? Im trying to sell some gold, need to know how much to charge per gram
    What is gold going for per gram? I'm trying to find out what the market value of various gold pieces I have are worth.

    • ANSWER:
      Oftentimes, it depends on the Stock Market. That's right, the stock market. You can check on google or you could charge your own price. Usually gold is about 0 per ounce. That is roughly 22 dollars per gram.

      Sincerely,
      Young Einstein

  47. QUESTION:
    Price of gold per gram?
    I have 33grams of 24 k gold, gold is @ 1433.80 what would be the price per gram? Total for the 33 grams?

    • ANSWER:
      There are 31.1 grams in a troy ounce, so you have a touch more than one troy ounce. At US33 per troy ounce, that is around US20.

  48. QUESTION:
    IF pure gold is 783.10 per ounce and then how should I pay for 18kt gold per gram?
    please show how you figured this out thanks.
    troy ounces people

    • ANSWER:
      .75x783.10=587.33 divided by 32 grams=18.35 per gram.

  49. QUESTION:
    Is one gram of gold per metric ton of copper tailings (sand) feasible for a mining project? Any advice pls?
    I have over five million metric tons of copper tailings with 1 gram of gold per metric ton. Any advice if i can profit from this pls?

    • ANSWER:
      Therefore you have give or take about 5 million grams of gold that you could potentially extract = 5000 kilograms of gold.

      Price of Gold/kg = 000

      Simple arithmetic says that you could get 5000x29000= 5,000,000. Now 5M is big money my friend.

      However, this project is feasible only if the cost for extraction does not exceed /gram of gold you get. So you should plan for a mining process that does not exceed x5M = M.

      Then you will be left with about M. We are here talking about a 35% profit margin, which by all standards, is pretty good.

      If you want to know more about conversions to and from gram/kilogram/pounds, I recommend the simple site http://www.icalculator.org/

      If you make some money out of this mining, don't forget to send me a good wish. :)

      Good luck out there!

  50. QUESTION:
    how much is the gold rate per gram in philippines?
    Do you know any website where i can check? Jewellery shops in Manila(well known)?thanks.

    • ANSWER:
      the gold price has been rising steeply. expect about P1800 to P2500 per gram for finished jewelry at jewelers in Chinatown, Sta. Cruz, Manila.

      whenever the price of gold in overseas markets increase, local prices follow. it follows the trend of crude oil prices.


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