1 Bhori Gold Price In Usa

3 min read Jun 17, 2024
1 Bhori Gold Price In Usa

What is the Price of 1 Bhori Gold in the USA?

Bhori is a unit of weight used in India, specifically in Maharashtra and Gujarat, for measuring gold. It is equal to 11.6638 grams. However, there is no direct equivalent of "bhori" in the US. The standard unit for measuring gold in the US is troy ounce (ozt).

To determine the price of 1 bhori gold in the US dollars, you need to:

  1. Convert bhori to grams: 1 bhori = 11.6638 grams.
  2. Convert grams to troy ounces: 1 gram = 0.0321507 troy ounce.
  3. Multiply the troy ounce by the current spot gold price in USD: You can find the current spot gold price from reputable sources like Kitco, Gold.org, or Reuters.

For example:

Let's assume the current spot gold price is $1,800 per troy ounce.

  • 1 bhori = 11.6638 grams
  • 11.6638 grams = 11.6638 x 0.0321507 troy ounce = 0.375 troy ounce.
  • The price of 1 bhori gold would be 0.375 x $1,800 = $675.

However, this is just a theoretical calculation. The actual price of 1 bhori gold in the USA will depend on:

  • The jeweler's markup: Jewelers add a markup to the spot gold price to cover their costs and profit.
  • The purity of the gold: The price of gold is determined by its purity, typically expressed in karats (K). 22K gold is more expensive than 18K gold.
  • The design and craftsmanship of the jewelry: The price of gold jewelry will also be affected by its design and the craftsmanship involved.

Therefore, it is recommended to contact a local jeweler to get an accurate price for 1 bhori gold in the USA. They can provide you with a quote based on the current market price, gold purity, and the specific piece of jewelry you are interested in.

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