How to calculate sovereign for 24 carat gold?

Discussion in 'Money Matters' started by satin, Apr 23, 2011.

  1. Shanvy

    Shanvy IL Hall of Fame

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    Lakshmi,

    Seriously all these gives me the heebie jeebies.
     
  2. satin

    satin Silver IL'ite

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    :)

    Yeah I did get a decent profit,I mean the rate has tripled :),I bought it 7 years back.Even I postponed buying jewellery items for me for 3 years and my mom used to force me to buy whenver I visit chennai,finally I bought it last year,happy that I atleast bought it last year,I kept postponing it hoping the prices would come down,but never thought the prices would rise so much.Yeah rates are increasing everywhere,thast why I made couple of investments to on my kid's name,glad I `did.
     
  3. iCool

    iCool Senior IL'ite

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    i was exactly searching for this answer..thanks orion80..
     
  4. paulmac

    paulmac New IL'ite

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    Thanks for all of this. No wonder we are sometimes referred to as "the sandwich generation" - that is, sandwiched between our parents and our children.
     
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  5. shvap_786

    shvap_786 Gold IL'ite

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    Hi satin...

    Its old thread but since i exchanged recently thought of giving the information...

    its true if you save 24 ct gold and later exchange it buy some jewels of 22 ct gold... we got more... i dont know exactly how much i got it... but my 24 ct gold was 5 pouns(8*5=40 gms) but i got more than 40 gms of gold more over there was no deduction in the gold... if its 22ct coin they deduct 3% from the current price value... but for 24 ct gold they consider the current rate without any deduction... so in future if u r planning to make jewels out of that its better to save 24ct gold...
     

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