How to get color value from gradient by percentage with javascript?

I have a fixed width div with gradient applied using css. I want to build slider based color picker based on this gradient.

When i drag the slider i calculate the percentage position, and i want to get the hex or rgb color code based on this value.

My idea was to create an array with the start/stop positions and colors defined, then find two values from this array based on the slider position, then somehow find the color between: this is where i can't move forward.

Demo: http://jsfiddle.net/pdu8rpfv/

var gradient = [
    [
        0,
        'ff0000'
    ],
    [
        28,
        '008000'
    ],
    [
        72,
        '0000ff'
    ],
    [
        100,
        'ff0000'
    ]
];
$( "#slider" ).slider({
    min: 1,
    slide: function( event, ui ) {

        var colorRange = []
        $.each(gradient, function( index, value ) {
            if(ui.value<=value[0]) {
                colorRange = [index-1,index]
                return false;
            }
        });

        $('#result').css("background-color", 'red');

    }
});

I was able to solve this issue using this function, which is based on the less.js function: http://lesscss.org/functions/#color-operations-mix

function pickHex(color1, color2, weight) {
    var w1 = weight;
    var w2 = 1 - w1;
    var rgb = [Math.round(color1[0] * w1 + color2[0] * w2),
        Math.round(color1[1] * w1 + color2[1] * w2),
        Math.round(color1[2] * w1 + color2[2] * w2)];
    return rgb;
}

I just simply need to pass the two closest color codes from the gradient array and the ratio where the slider handle is located(which can be calculated easily with the help of the slider width). Here is the live example:

http://jsfiddle.net/vksn3yLL/