In Reply to: So Baldie posted by makas family on Tuesday, 3. May 2011 at 11:50 Bali Time:
The lower the percentage of gold the harder the item will be.
eg 9ct is harder & more durable than 22ct/kt gold
When I used to go to Denpasar the item sometimes had a carat listed on it or a percentage
eg 18kt is listed at that or as 70% (which is actually only nearly 17kt)
Around 22kt is listed as 89% and some at 82.5% Around 20 kt
24kt - all the 24 parts in the gold are just pure gold without traces of any other metal(s) or 99.9 percent pure
The price you pay per item will be dependant on the gold price for the day
This is from a few years ago but basically how you work out the price
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.