§ 501.9. Posting of prices.

 (a)  When a weighing device is used to purchase precious metals, there shall be posted, on a conspicuous sign located close to the weighing device, a statement of prices for the precious metals being purchased as a result of the weight determination.

 (b)  The statement of prices shall include, but not be limited to, the following in terms of the price per troy ounce:

   (1)  The price for 24 karat, 18 karat, 14 karat and 10 karat gold.

   (2)  The price for pure silver and sterling silver.

   (3)  The price for platinum.

 (c)  When the weight determination is expressed in metric units, a conversion chart to troy ounces shall be prominently displayed so as to facilitate price comparison. The metric equivalent of a troy ounce is 31.10348 grams.



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