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Since times immemorial, gold has been one of the most prized possessions for men and women. Women love wearing gold ornaments, while men treat it as a way to invest in the future. With fast escalating gold rates, buying this glittering metal is not an everyday affair. People plan to visit a jewellery store these days either if they are very affluent, have a wedding in the family, buy gold to mark a special occasion, like birthdays, anniversaries, promotions, etc., as buying gold is considered as very auspicious. Many studies have been conducted in this field to know what motivates people to buy this metal. The results of these studies give us insight into factors that encourage people to invest in gold.

Since gold is a costly metal, it is essential to find out more about it and consider many factors to make this valuable purchase. Women love to buy beautiful ornaments, while men prefer buying gold coins or bars from the investment point of view. For both purposes, choose a reliable store to make this expensive purchase. This way, you will rest assured that you have bought the right product at the right price and have not been duped. Check the 24 karat gold price today before purchasing

With an extensive range of designs, styles, patterns, and options are available in jewellery, people are spoiled for choice. Whether it is a tiny nose pin or a heavy gold set, they explore many options before selecting the one that suits their purpose. While paying so much attention to all these factors, one thing that mostly skips their attention is the determination of karat. Let us understand the meaning of karat.

What is Karat?

The word karat denotes the fineness of gold. It is a measurement that indicates the gold proportion in an alloy. 24 karat gold is very soft and it is not suitable to make jewellery. It has to be mixed with alloys to make it stronger and durable, perfectly suitable to craft intricate jewellery. It makes it possible for gold manufacturers to style ornaments in multiple designs. There is a marked difference in the hue of gold jewellery depending on which karat gold it is.

More about Gold Metal

Gold is one of the softest metals, and this quality makes it easier to design it in various jewellery designs. It is tough making 24 karat gold jewellery. Other metals have to be added to it to increase its durability and strength. If you wish to know what is 24 karat gold, you must understand that 24 karat gold is the purest form of this yellow metal. Although 24 karat is pure gold, a jewellery piece made up of this purity is not solid and flexible enough. When creating and crafting beautiful, intricately designed, and patterned gold jewellery, the metal needs to be added with other alloys to lend it the necessary strength. The metals usually added to gold metal are zinc, nickel, silver, copper, etc.

History of Gold

For centuries, 24 karat gold metal was a preferred ornament choice and a prized possession because of its radiance, brilliance, and beauty. This metal is known for its versatility. It is for this reason; it is the top choice among jewellers for making intricate jewellery. It is ductile and malleable and cannot get corroded and rusted. With so many gold karat options available in the market, there are many buyers' choices. The range of gold varies from 24 karat to 10 karat, but when looking for intricate gold jewellery, check out 22 karat, 18 karat, and 14 karat gold as recommended by BIS.

How to find Gold Purity?

It is easy to find the purity of 24 karat gold, which can be in the form of ornaments, bars, and coins. It is done as per the Bureau of Indian Standards Hallmark. The word hallmarking refers to the official proof of precious metal proportionate content and its accurate determination. Thus, it is essential to refer to the official marks of hallmarks acceptable in India and several other nations when buying gold jewellery. It is the surest way to guarantee precious metals purity. Not only gold metal but silver metal also falls under the ambit of Hallmarking. Here are the different hallmarking used in India, denoting the fineness and purity of gold-
14K585: Corresponds to 14 karat
18K750: Corresponds to 18 karat
22K916: Corresponds to 22 karat 999 is used for denoting items made with pure gold, but BIS does not hallmark 24k gold items.

When you wish to find gold percentage in your 24 karat gold items, you can use a simple formula where the karat number is divided by 24 and then the result multiplied by 100. If your gold item has a 22 karat hallmark, divide it by 24. You will get 0.9166 as a result. Now, multiply this figure by 100, which will give you 91.66 per cent. It means in 22 karat gold, and there are two parts of metal alloys and 22 parts of gold. In the case of 24 karat gold, it has 24 pieces of gold, thus wholly pure. Since it is entirely pure, the 24 karat gold price is high than 22 or lesser karat gold items.

Features and Properties of 24 Karat Gold

Soft and Malleable- As discussed above, 24 karat gold is the purest gold form available. In simple words, it is 99.99 percent gold. Many people wonder why 24 karat gold is the purest form of gold available and is still not 100 percent gold. The reason behind this fact is that at room temperature, 100 percent gold is so soft that it is impossible to give a form or shape to it. Thus, after the ore extraction, the manufacturers process the metal until it reaches the purity level of 99.99 percent. This gold is very soft and difficult to mould; it is difficult to give shape or form to make decorative items or jewellery. It is predominantly used to make gold bars and coins. It is also used in manufacturing devices, electronics, and a variety of industrial equipment.

Colour- The unique aspect of 24 karat gold is its distinct yellow colour and excellent brilliance. In comparison to 24 karat gold, other karats are paler and duller in colour.

Cost- The cost of 24 karat gold is higher than other gold variants available. When planning to buy 24 karat gold, check the 24 karat gold price today. The 24 karat gold price today is approximately 46,260 INR for 10 grams of gold.

Comparing 24 Karat Gold with other Gold Variants

Let us explore other gold variants available and compare them with the 24 Karat variant.

22 Karat Gold- The first gold variant available is 22 karat gold. As mentioned above, in 22 karat gold, two parts are metal alloys, and 22 parts are pure gold metal. The metals added to this alloy are zinc, nickel, and other glittering metals. When compared to 24 karat gold, 22 karat gold is less pure. If we take out its purity percentage, it comes out to be 91.67 percent gold. The adding of other alloys and metals changes the texture of gold jewellery and makes it more challenging. It also makes it scratch-resistant and durable. It is for this reason that most of the plain gold jewellery is made using 22 karat gold variant.

18 Karat Gold- Another gold variant that you should know about is 18 Karat Gold. This gold variant is 75 percent pure gold, and the rest is alloys mixed with it. The common metals used are silver and nickel. Unlike 24 karat gold, which is 99.99 percent gold, the 18-karat gold has 25 percent alloys or other metals added to it. This gold variant is predominantly used to make studded jewellery. A variety of diamond-embossed jewellery is also made. When compared to 24 karats and 22 karats gold, it is usually paler in colour.

14 Karat Gold- This gold variant has 58.5 percent of pure gold, and the rest is a mixture of various metals like nickel, zinc, silver, etc. This addition of other metals to pure gold enhances its strength and durability. It is used for the careful crafting of various gold-made products, including jewellery. It provides an eclectic blend of affordability, durability, purity and is a value-for-money option. Conversely, 24 karat gold is expensive and cannot be used to craft sturdy jewellery items.

Variable Colours in Gold

Depending on the purity of 24 karat gold or karat, its colour differs greatly among multiple variants. For instance, in 24 karat gold, the colour of the gold is brighter and richer. The colour turns paler only if the gold purity is reduced and other metals are added to it. It is prudent to note here that depending on the different alloys added to it, the colour of gold can be white, green, rose, or pinkish. For instance, white gold has palladium or nickel added to it. Rose or pink gold has copper added to give it a lovely sheen. Green gold gets its unmistakable hue by adding silver and zinc to it.

Tips when Buying 24 Karat Gold

All of us know that 24 karat gold is one of the priciest metals available in the world, and for centuries, it is bought as an investment and adornments by men and women. To date, it is a major attraction among people looking to buy 24 karat gold for aesthetic reasons or investment purposes. When planning to buy 24 karats or any other gold variant in the form of ornaments, bars, coins, etc., it is important to consider a few factors. Every careful and discerning buyer must buy this expensive metal for decorative purposes or investment after viewing these factors. Here are a few tips that can help in making a well-informed choice.

  • Purity- The most important tip when buying gold jewellery or 24 karat gold is to check its purity. Coins and bars must be specifically available in 24 karat gold as it has high investment value and is the purest form of gold. Check the karats where the fineness of gold is measured in terms of parts per 1000. It is a precious metal percentage against other metals or alloys added to gold to make it more malleable in simpler words.
  • Hallmarking- Another tip that demands the buyer's attention is to check hallmarking on the gold item. Hallmarking is evidence or mark of purity that ensures the manufacturers' validity and credibility of gold purity claims. As per the international hallmarking convention mandate, the percentage of gold in the alloy must be above the threshold. As per the Government of India, Bureau of Indian Standards, a regulatory body, the suitable standard needs to be mentioned in this metal. Stamping is done on the metal for hallmarking identifying the purity of the 24 karat metal. It also mentions the year of hallmarking and jeweller identification. Hallmarking on gold is also done using laser etching techniques.
  • Packaging- Check out the packaging when purchasing any gold item from the manufacturer or the jeweller. It is also one of the crucial factors that deserve your undivided attention. It is necessary to ensure that the packaging is completely tamper-proof so that the purchaser knows that the gold items or coins purchased are fine and pure, and there is no scope of adulteration. Tempered packages must be avoided in any case as in such conditions; the jewellers have no proof to validate claims like less purity or weight of the product.
  • Machine-made or human-made ornaments- In these technologically-advanced times, the jewellery business has also embraced the latest technologies to boost and grow the business. Machinemade ornaments are cost-effective in price as compared to human-made or traditionally made ornaments. Human-made ornaments require more extended working hours and skilled craftsmanship, which increases the price of gold products. If buying 24 karat gold as an investment option, purchasers can go for machine-made articles as it shall help in bringing an improvement in the authenticity of the item through mechanised hallmarking. It is done using stamping and laser etching facilities. If looking for 24 karats or any other gold variant for decoration or ornament items, choose human-made options with traditional skilled craftsmanship.
  • Making Charges- The procedure of jewellery manufacturing also leaves an impact on the price of the gold items bought in the form of ornaments or coins from the manufacturers. Depending on this, the making charges are levied by the jeweller. It is for this reason, when buying gold from an investment point of view, buying bars and coins is a preferred choice among buyers.
  • Denominations- The price factors and investment options are very significant when deciding the amount of gold being purchased by the purchaser. Various manufacturers and jewellers offer multiple denominations to potential buyers. The denominations range from 0.5 grams to 50 grams depending on the market trend and size. The current rate of 24 karat gold is hovering around 46000 INR per 10 grams, but the market is susceptible to fluctuations.
  • Jewellery Store- The last but not the least factor that needs to be considered when buying 24 karat gold is to check the jewellery store, where planning to buy jewellery or any other gold item. It is necessary to find out the store's credibility and brand value so that the chances of contamination or adulteration in gold are to a minimum. Do not buy 24 karat gold at a local store with no brand value. Gold coins for investment purposes must be purchased only from highly reputed and well-known branded stores.

Here, it is essential to note that gold prices fluctuate depending on financial situations and international costs. It is also dependent on seasonal variations and festival seasons. Gold prices soar high because the demand for gold is increased during the festive or wedding season.

Buying Gold Online

Like any other product or service, even 24 karat gold can be purchased online. Visit Candere by Kalyan Jewellers to buy 24 karat gold online. Buying from here ensures you are getting the best quality and value-for-money product. The store provides buyers complete transparency when buying gold. This way, the buyers are rest assured that they are getting a good deal.

Candere by Kalyan Jewellers has become a name to reckon with. It is the best place to buy hallmarked gold, insurance on gold jewellery at nominal cost, 30 days return, Virtual Try On of jewellery and many more benefits that makes jewellery buying a pleasant and beneficial experience.

Many people buy gold in the form of coins or bars from an investment point of view. Since they are spending a lot of their hard-earned money, they must ensure that the store from where they are purchasing is reliable. Candere proves to be the perfect place to buy gold as it ensures the purity and fineness of the 24 karat gold you aim to buy. Start by making small purchases. It will help you with your budget and also consider market fluctuations in gold prices.

Keep an eye on daily gold prices and if you notice a significant drop, invest in this metal immediately. Later on, you can use this gold to carve lovely ornaments or use it as an asset when you need money for various purposes like buying a home, higher studies, wedding in the family, etc.

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