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Gold Price | Know The Measure and Purity of Gold

Gold is a metallic yellow metal. People have been familiar with this metal since ancient times.

It has been identified as a very precious metal since ancient times due to its unchanging properties, glossy color, easy means of exchange, and durability of the structure. The practice of making different kinds of ornaments with gold still exists equally.

The unit of measurement of gold :  

If you want to buy gold in the international market, you can’t buy it in bulk. This is because the international unit of weight measurement, “kilogram” or “ounce”, is used as the unit for selling gold abroad. Fractions of kilograms are “grams”.

So grams or ounces are used more to measure the weight of gold. As, many of us do not know how many grams or ounces are filled. If it is known, gold can be bought easily at home and abroad. At the same time the difference in price is also caught.

  • 8 Anna = 5.632 grams
  • 14 Anna  = 10.206 grams
  • 1 Vori = 11.636 grams

 

The purity of gold : 

Gold ornaments are in demand all year round. It is also important to check the purity of this precious metal when buying gold jewelry.

In this way, the buyer will know how much pure gold he has got by spending hard earned money and how much he has dug or adulterated.

Mathematical formula for measuring gold purity (carat)

X = 24 / (Mg / Mm)

Where, X is the carat calculation of gold,
Mg is the mass of pure gold in ornaments,
Mm is the total mass of the ornament.

There is also the “Troy system” which is used to verify the purity of precious metals and stones.

  • 1 troy ounce = 480 grainsgrains
  • 1 grain = 64.798 91 milligrams
  • 1 troy ounce = 31.1034768 grams
  • 24 grains = 1 pennyweight
  • 20 pennyweight = 1 troy oz
  • 12 troy oz = 1 troy lb.

The metric system is also used

  • 1 Troy Ounce = 31,103 Grams
  • 1 Pennyweight = 1.555 Grams
  • 15.432 Grains = 1 Gram
  • 1 Grain = .0648 Grams

Some of Abbreviation : 

Gr = Grains
Gm = Grams
Oz = Ounce
Ozt = Troy Ounces
Pwt = Pennyweight
Kgm = Kilogram (1000 grams)

When buying gold ornaments, the buyer must know how many carats of gold he will buy. Gold is usually 24, 22, 21 and 18 carats or 14 and 10 carats.

24 carat gold is pure gold. Which is only available as bars.

22 carats is the best made of jewelry. If 2 carats are omitted in it as carat, there will be 1 anna 2 rati khand or adulterated.

If you want to buy 21 carat jewelry, it will have 2 annas in it and if you buy 18 carats, it will have 4 annas in each filling.

International list of purity by carat  :  The amount of carat purity

  • 24 carat 99.99% purepure
  • 22 carat 91.60% pure
  • 21 carat 7.50% pure
  • 18 carat 75.00% pure
  • 14 carat 56.5% pure
  • 10 carat 41.6% pure

Whenever you buy gold ornaments, be sure to check out the carat inscriptions on the ornaments.

The inscriptions on the body or on the hook of the chain will be 9999 meaning 24 carats, 918 meaning 22 carats, 75 meaning 21 carats, 650 meaning 18 carats.

  • To know gold price live today Click here —
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[ 4 ]   USA Gold Price Live

[ 5 ]   Malaysia Gold Price Live  

[ 6 ]   Qatar Gold Price Live 

[ 7 ]  Oman Gold Price Live

[ 8 ]  Pakistan Gold Price Live

[ 9 ]   India Gold Price Live

[ 10 ]  Turkey Gold Price Live

 

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