In Reply to: GOLD price? posted by dirdar on Wednesday, 31. August 2005 at 11:30 Bali Time:
Hi, I was interested in this too and I found in the archives of the forum the following info:
Take your calculator to calculate the price of the article (ie..price per kt in rupiah x grams of article)
Some shops will also negotiate a small discount if you ask.
Example:
If 90% is 100000rp per gram & the weight of item is 1.5 grams..then
1.5gms x 100000rp = 150000rp for the item
To calculate the proper Gold price for the day:
1.Find out the gold price for the day per ounce in USD from internet, paper or local paper (Bali Post).
2.Find exchange rate for AUD/USD (if you are Australian)
3.Calculate AUD per ounce
4.Find out the carat or % of gold in the article you want to purchase.
5.Multiply the % of gold in the article by the AUD gold price.
NB: Number of grams in an ounce = 31.10348
6. Which then = the Aud price
Example:
Todays USD gold price per ounce is USD 425.60
which = 559.480 AUD (Exchange rate1 USD = 1.31457 AUD )
On an item at 90% (which is basically 22ct)
.9 X 559.480 = $503.532 per ounce
To get price per gram divide by 31.10348
$503.532 divided by 31.10348
= $16.1889 AUD per gram for 22ct
which =118,595.8778 rp (exchange rate of 1 AUD = 7,325.74 IDR )
or if you cannot be bothered with the above calculations....just ask each shop what their gold price is for the day for the particular percentage & go with the cheapest &/or compare with the above.
*Earings, rings and pendants purchased from Denpasar.*
(Sorry not a good scanning job. The green/pink colouring on items is from the scanning only)
http://www.geocities.com/mbalipic/gold.html