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Gold Rates In Major Cities Of India
Silver Rates In Major Cities Of India
Throughtout our history, we have treated Gold as one of the treasured objects for its natural beauty and radiance. The history of gold is long way connected with money, but gold relinquished this role in developed economies after the outbreak of the Second World War. Yellow gold is still the most popular colour in the world, but today, the precious gold is available in a diverse palette.
The below chart shows some examples of the composition of various caratages of gold.
Note: ‘Caratage’ is the measurement of purity of gold alloyed with other metals. 24 carat is pure gold with no other metals. Lower caratages contain less gold; 18 carat gold contains 75 per cent gold and 25 per cent other metals, often copper or silver.
|Name||Caratage||Gold(Au)||Silver (Ag)||Copper (Cu)||Zinc (Zn)||Palladium (Pd)|
|White Gold||18k||75%||25% (or Pt)|
Gold is available in different modes today and the most common ones are jewellery. Apart from that, gold can be purchased in the form of coins and bars.
Buying Gold Coins and Bars:
There are few things to keep in mind while buying Gold coins or Bars in India.
1. Purity Of the coin or bar:
Most refiners adopt the standard purity value of either 995 or 999 and most of the gold coins or bars which are available in the market are 916.6 (22 Karat).
2. Weight Of the coins and Bars:
Gold coins are available in different weights which ranges from 0.5 grams to 100 grams, but the most popular weights are 10g or less. Gold bars are available in the range of 10 grams to even in some kilo grams. The most popular weights are 100gms or less.
3. Design of the coins and Bars:
Gold coins and bars are available in different range of designs. Most people in India prefer some God or Goddess idols depicted in the coins. Coins with the initials of the manufacturer and the retailer units are also available today.
4. Where to Buy Gold Coins and bars?
There are various outlets available in India to buy Gold coins and bars. All the gold jewellery shops sell gold coins and bars to their customers. You can also purchase them in banks like SBI. The most important thing to remember while purchasing gold coins and bar is to order it from the most renowned places so that you will get the authentic gold instead of fake ones.