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<p>[QUOTE=&quot;WmsJewelers, post: 340668, member: 12564&quot;]Most dealer actually work off decimals.&nbsp; It is very easy to use and does not matter what spot is. </p><p><br /></p><p>So it works like this</p><p><br /></p><p>Spot times decimal will give you the amount that the gold can normally be purchased for from other dealers.&nbsp; Of course this is for large transactions as I would not pay some one off the street the same amount because I only make roughly $1.00 per DWT ( penny weight.&nbsp; 20 dwt per oz )</p><p><br /></p><p>All prices are quoted in DWT = pennyweight.&nbsp; Again 20 penny weight per oz where as there are 31.10546 grams per oz.&nbsp; I find penny weight easier to work with.</p><p>10 k&nbsp;&nbsp; .0188</p><p>14 k&nbsp;&nbsp; .0262</p><p>18 k&nbsp;&nbsp; .034[/QUOTE]</p><p><br /></p>

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