In Reply to: gold posted by sandra on Tuesday, 4. January 2005 at 08:01 Bali Time:
Gold prices. If you have a home price per ounce dividing this by 30.1034 will give you the price per gram, usually for 24 ct.
Bali gold is usually 22 ct. but the above calculation will be close enough to give you a good idea of comparative prices.
If your purchases are weighed beware of the weight of cheap stones being included in the weight and charged at gold prices. Better quality stones can be purchased and put into your jewellery for the cost of the stone and app Rp25,000 fitting charge.
Price varies daily. It was Rp70,000/gram April '01 and Rp70,000 again in late '02, but varied greatly in between.
18 ct (stamped ‘70%', which is actually 16.9 ct.) is also available and may be preferable in some items where there is a risk of greater wear that the softer 22 ct. will not stand for long.
Bali gold has an orange tinge which is often called 'Chinese alloy'.
You'll pay about 1/3 of the western prices for similar items.
Most of the gold dealers are Chinese or Arab.
Jl Hasanuddin in Denpasar is generally regarded as the ‘gold street' in Bali.