Why Gold Jewelry is Sold Per Piece: Price Markup and Cost Factors Explained
Gold jewelry is sold per piece due to several factors. The retail price includes markup for craftsmanship and materials. Gold purity is measured in karats, like 10k, 14k, and 18k. Knowing the spot price, wholesale price, and melt value helps buyers assess the jewelry’s true worth. Market trends also influence pricing. Price markup is another … Read more