what is the value of 2.281 troy ounces of Gold in Australian Dollar
Thanks for your question. The value depends on the date on which you're figuring it out, because the price of gold changes daily, and also on the karat of the gold - 10k, 14k, 18k, etc.
This is described in my hub, http://hubpages.com/hub/Gold-Price-Per- … Conversion .
Check the price of gold online. That will be in troy ounces and, depending where you look, US$. Let's pretend the price of gold is US$1000 per troy ounce.
Now sort your gold into karat weights, Weigh each group separately. Let's say you have one group of 2.281 ounces of 14K gold.
For each group, divide the karat weight by 24, then multiply that number times the weight in ounces of the gold in that karat. In our example, this works out to 1.33 troy ounces.
That is the weight of actual gold that you have, after the other metals in the alloy are taken out of the equation.
Multiply that number times the price of gold in troy ounces that you checked earlier. So in our example, the answer would be $1,330.58.
Convert that number to Australian dollars using the day's exchange rate. And that's an example of how you get your answer.
(Copyright Chris Telden - All Rights Reserved)
by JS Matthew 7 years ago
What is the future of the value of gold?
by mel22 8 years ago
Will the spot price of gold hit 1400 and if so state by what quarter of the year. If not then state what level you think it will drop to.
by rhamson 5 years ago
What if we reinstated the gold standard to evaluate the dollar in its' current distribution. Since the debt standard has been blown apart in recent years could a real precious metal you can touch make a comeback?
by Ben Evans 7 years ago
Many people may think that I am a gold and silver bear (looking for price to go down). I am not and both gold and silver could keep going up.The problem is there is a lot of risk right now in precious metals and the market could drop precipitously in a wink. I hear a lot of people talk...
by qwark 8 years ago
The price of an oz. of gold is almost $1200.00's.Why would anyone buy gold at it's peak price?Would you buy a stock at the highest price it has historically reached?
by Evan G Rogers 7 years ago
Hey everyone,The dollar lost about 1~2% of it's value today.http://www.kitco.com/kitco-gold-index.htmlGold shot up $17/ounce due to the weakening of the dollar, but lost a total of $1.80 from predominant selling (a net total of +$15)And silver shot up by about 10% of it's "value" (really...
|HubPages Device ID|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Google Analytics|
|HubPages Traffic Pixel|
|Google Hosted Libraries|
|Google AdSense Host API|
|Conversion Tracking Pixels|
|Author Google Analytics|
|Amazon Tracking Pixel|