How Much is a Gold Rope Chain?
A gold rope chain is likely the best option to take if you are looking for an item that will not break easily and will serve you for a very long time. Rope chains are considerably less prone to breaking than other types of chains due to the thicker connections that are used in their construction.
You’ve made an excellent choice in the gold chain. But then how do you be sure that you chose the store that offers the lowest prices among its competitors?
You can always be sure that you bought the gold chain at the best possible price if you follow a few basic rules of thumb, which will offer you the confidence that you need.
Price of Gold Rope Chain
Prices of gold chains are determined by the following three primary factors:
- The gram weight of a gold rope chain, also known as the total quantity of gold that is included in your chain
- Cost per gram’s worth
- The ever-changing cost of gold in its unprocessed form
You must never overpay for gold rope chain once you understand these three things, notably actual weight of the gold chain and its price per gram.
You may additionally take into consideration the following two additional aspects:
- The amount of manual effort required to produce your specific gold rope chain
- Fashion and the Kind of Metal ( white, rose gold or yellow gold)
Cost per Gram Worth
The following step is an easy one. After you have determined the total gram weight of the gold rope chain, the next step is to figure out the “price per gram” of the gold. To do this, simply take the total cost of the gold rope chain then divide it by the total number of grams it contains.
Consider the following scenario: the price of your chain is $575.00, and its gram weight equals 25.0 grams. Dividing $575 with 25.0 and you’ll get $23.00. This indicates that you are spending $23.00 for every single gram of gold that is contained in your gold necklace.
You now have a foundation for comparison that you may use to decide whether or not to acquire the gold chain through one jewelry store rather than another, at least in terms of the pricing.
Another illustration would be a gold chain that weighs 10.0 grams and sells for $300.00 despite its low price. $300 / 10.0 Equals $30.00. This indicates that the cost of your gold necklace is thirty dollars per gram, which is significantly more than the cost of one of our examples, which was twenty-three dollars per gram.
Gold’s Current Price
Due to the fact that gold is both a lustrous metal and a commercially traded commodity, its price shifts often throughout the day. The “price per gram” of the gold rope chain or even other jewelry will climb in tandem with the value of gold as it continues to rise. There was a period when gold rope chains were offered by various companies for somewhere between $10.00 and $11.00 per gram. It was about the beginning of the century that this occurred.
As of the end of 2007, the normal price that we charge for a gold rope chain is around $22 to $23 per gram. This price fluctuates based on the market price of gold. Companies have noted that many other jewelry retailers offer gold rope chain for prices ranging from $30 to $35 per gram.
When making a price comparison, it is more relevant to look at what the other jewelers are charging for the same type of gold rope chain now as opposed to the costs that were prevalent five or ten years ago for the same item.