Wholesale gold jewelry trading guide for entrepreneurs

For those of you who're contemplating selling gold jewelry, it is essential that you understand fully how to determine the purchase price for gold jewelry. Not just this assists a good deal to be told by you from the bad one, in addition, it really helps to review your competitors and comprehend the market better before any investment is made by you.

Gold value

The main part of wholesale gold jewelry trading would be to understand the breakdown of the fee of an item of gold jewelry. Lets say the present good value is $500 per ounce. To calculate the expense of gold for a piece of 14 karat gold jewelry that weighs 3 gram without any rocks, we first divide the price per ounce by 31.5, to obtain the price per gram, which will be $15.87. Here is the price of pure silver. Browse here at the link the infographic to discover why to mull over this idea. Get further on the affiliated site by browsing to gold spot price. We divide $15.87 by 24 and multiply the end result by 14, to change this to 14K gold, knowing that you can find 24 karats in pure gold. If you think you know anything at all, you will probably fancy to explore about how much is an ounce of gold worth discussion. The cost per gram for 14k gold is roughly $9.26. For that reason, the sum total cost of the gold for a 3 gram band would be $27.78.