Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
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PRICING AND PROFITABILITY<br />
MINTED COINS AND BARS<br />
ORGANISED FABRICATORS<br />
Although charges vary among fabricators, and bulk orders are subject to negotiation, the following records the published<br />
wholesale charges levied by an organised fabricator in a major city. Its minimum order is 1 kg.<br />
Assumptions:<br />
<strong>Gold</strong> price US$ 300<br />
Exchange rate US$ 1.00 = Rs 48<br />
For standard minted coins and bars<br />
Using standard in-house designs, weights and dimensions.<br />
Weight - at 995 purity Fabrication charge per item<br />
Rupees Approximate US dollars<br />
500 g Rs 225 US$ 4.69<br />
200 g Rs 100 US$ 2.08<br />
100 g Rs 60 US$ 1.25<br />
50 g Rs 50 US$ 1.04<br />
20 g Rs 30 US$ 0.62<br />
10 g Rs 25 US$ 0.52<br />
5 g Rs 23 US$ 0.48<br />
2 g Rs 20 US$ 0.42<br />
1 g Rs 15 US$ 0.31<br />
For tailor-made minted coins and bars<br />
Using standard in-house weights and dimensions, 995 purity and applying requested designs.<br />
Standard weights Fabrication charge per item<br />
Rupees Approximate US dollars<br />
10 g Rs 50 US$ 1.04<br />
5 g Rs 40 US$ 0.83<br />
2.5 g Rs 30 US$ 0.62<br />
1.25 g Rs 20 US$ 0.42<br />
Guineas<br />
8 g Rs 40 US$ 0.83<br />
4 g Rs 30 US$ 0.62<br />
Supplementary charges<br />
Assumes that the customer provides acceptable bars (e.g. TT bars) for conversion into minted coins or bars.<br />
Cost category Additional charges *<br />
Rupees Approximate US dollars<br />
Melting<br />
<strong>Gold</strong> loss:<br />
Rs 4 per 10 g US$ 0.25 per oz<br />
5 g coins and less: 1.5 g per 1 kg Rs 6.94 per 10 g US$ 0.45 per oz<br />
10 g coins: 0.7 g per 1 kg Rs 3.24 per 10 g US$ 0.21 per oz<br />
* Excludes the cost of new designs and dies, if required.<br />
SMALL FABRICATORS<br />
The many small fabricators of coins normally charge less than organised fabricators, especially for small quantities.<br />
The table below records the fabrication charge for 10 g coins by a small entity in a major city.<br />
Quantity - at 995 purity Fabrication charge per item<br />
Rupees Approximate US dollars<br />
For 10 coins Rs 20 each US$ 0.42<br />
For 100 coins Rs 8 – 10 each US$ 0.17 - 0.21<br />
RETAILERS<br />
Coins are normally retailed by jewellery retailers. The mark-up is generally low, usually Rs 50 (US$ 1.00) or less above the<br />
carat gold price for coins 10 g and less. Some retailers sell coins as a “service” without a mark-up.<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET 161
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