KOLOGSOFT, a leading software development company based in the Upper East Region has called on dealers in gold to use its gold calculator application on App Store and Play Store to trade with ease.
The gold calculator app is to, among other things, help buyers and sellers of gold to easily calculate the density of gold per pound based on the carat in terms of its monetary value and determine the carat of the gold.
The app also has a global price feature that reveals the prices of gold internationally and contains a database system where buyers can save transactions and manage the amount of money spent in buying the gold and sales made to determine the profit accrued.
The Chief Executive Officer of Kologsoft, John Kolog Dok, explained that the app can simply be used by entering the figures of the grams, volume and unit price per gram of the measured gold onto the app.
The app would then automatically generate the pounds of the gold, density, price per pound, carat and the total amount worth the gold.
He said the idea was born out of the difficulty faced by dealers of gold in calculating the monetary value of gold, its carat and density
According to him, the measurement of gold has undergone various transformations but none of such transformations included the monetary value of the exact gold measured, its purity and the carat.
He noted that such measures of gold created room for doubts and confusion among buyers and sellers in certain times regarding the monetary value of gold, especially dating back to the time when gold was weighed against a razor blade or match stick and its monetary value was determined based on the balance.
The software Developer emphasised that the availability of the app has taken away the burden of having to do tedious mathematical calculation before arriving at the total monetary value of gold, its pounds, carat and density after using the manual gold measurement machine which only provides raw figures.
He urged all buyers and sellers of gold to patronise the App for easy trade, adding that one can even use the app without signing up but advised users to sign up to have the full benefit of the App.
The App has since recorded over 20,000 downloads with the majority of users emanating from Russia and Ukraine.
Source: A1radioonline.com|101.1MHz|Gilbert Azeem Tiroog|Ghana
