Gold Pricing Formula

Pricing Gold in Iran: From the Global Ounce to the Number on Your Jeweller's Invoice

This lesson builds Iran's gold price as a four-link chain: divide the global ounce by 31.1035, multiply by the dollar rate, multiply by 0.75 for 18 karat purity, and multiply by 4.3318 to reach the mesghal quote. Then see how the making charge, the retailer's margin of up to 7 percent, and the 10 percent value added tax turn the metal price into the number on a jeweller's invoice, with hypothetical worked examples and one dated real snapshot.