how to calculate 22k gold price from 24k?
Hi,
You can calculate the price of 22K gold from 24K gold for which you just need to adjust the price based on purity. 24K gold is considered pure gold (99.9%) and 22K gold means 22 parts gold and 2 parts other metals, i.e., 91.6% pure gold.
Formula:
22K Gold Price = 24K Gold Price × 0.916
For example, if 24K gold is ₹6,000 per gram, then:
22K gold price = ₹6,000 × 0.916 = ₹5,496 per gram.
This is the easiest way I use to quickly find the 22k rate from 24k.