Gold Jewelry Prices

The price of gold is volatile, though not in a very steep manner. Fact is gold prices, based upon their demand and supply, tends to vary on a daily basis. The entire jewelry industry during such price change tends to become quite incomprehensible and tends to confuse laymen like you and me. So how exactly, does this volatile industry price its goods. The pricing, you would be surprised to know is exactly like any other industry, with the initial output being derived upon what is known as prime cost costing (raw material + labor + profit margin + overheads) and is then influenced by the market forces. Well, overall, the equation tends to put us in a certain dilemma and as common consumers we should certainly known what we are doing once we go out into the market.

Gold Jewelry Costing and Pricing

How do you know whether an expensive piece of jewelry is worth the money or not? Well there are a lot of things that are included in the cost derivation method. Here are some pointers...

The cost of gold is the first thing that is included in the pricing of the jewels. The gold jewelry price of per ounce of the specified carat (purity) is considered. Note that usually, it is the market value of the gold that is considered by the seller. There are however some sellers who raise it a bit if the market inflates post production. The second cost that is induced is the craft charge. The craft charge would include three principle aspects, namely the charge of the brand, the labor charge by the workman and the patent or the intellectual property payment of the designer. The next aspect is the tax that's paid, this includes, sales tax, excise duty, etc. The profit margin comes the last which in most of the cases is quite substantial.

Some sellers also include the selling gold prices of the basic level. The cost per ounce would however differ as per the current gold prices. Here are two references that would help you to derive a selling price selling gold jewelry tips and where to sell gold jewelry.

Table for Gold Rates

Level of Purity in Carats	Gold Price Per Ounce	Gold Price Per Gram
24 carats	about $1,363	about $43
22 karats	about $1,250	about $40
18 karats	about $1,022	about $32
14 karats	about $795	about $25

*The prices in the aforementioned table are dynamic, subject to change and differ in several cases. This table has been included to give you a brief idea about the gold rates and how they vary as per purity. The gold jewelry prices today will be derived on the basis of this table

If you are about to propose to your loved one then three months salary can be used to buy the ring, it is considered to be good luck. Apart from that you will actually need to go to the store to get the best prices. Note that buying gold jewelry over the Internet is really dangerous, and the risks are countless. There are two great options for gold jewelry purchase, namely, band stores that sell the designer jewelry, which has a lot of 'craft charge'. Alternatively, you can also go to smaller jewelry stores that do not have any brand mark, yet have remarkable quality maintenance as well as highly talented craftsmen.

The price of old gold jewelry, in contrast to the regular ones tend to have a different pricing strategy. The old ones are often very pure ones and tend to have a substantially high value in terms of gold rates s per weight and karats. The second condition that is checked is the craftsmanship with the help of which the ring has been made, if the craftsmanship is fascinating and authentic then the jewels would certainly have a sky-high cost, with many of them entering high bid markets in auction.