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Everyone’s eyes light up when they hear the name GOLD.. Especially women in our country show great love for gold. Many people check the gold prices from time to time.
Topics such as whether to buy gold.. not to buy it.. the price has increased.. it has decreased, always come up in every house at some point. However, looking at the increased gold prices now, it is not seen that the common man can buy gold. Gold prices are at record levels. Pure gold means 24 carats. 22 carat and 18 carat gold are mostly bought by our people. Now 9 carat gold is also trending. Government of India has decided to make hallmarking mandatory for 9 carats gold as well. With this, the demand for 9 carat gold is also likely to increase.
9ct Gold
Why is this gold called so many different names? Let’s find out what is the difference between them. Gold of 24 carats means absolutely pure. 99.99% purity. However, this gold is not suitable for making jewellery. 24 carat gold cannot be used as jewelery unless it can be used as bars or biscuits. That is why other metals are added to this pure gold. Then that gold is used to wear as ornaments. Gold available for jewelery is 22 carat, 18 carat and 9 carat. First let us know the difference between them. The primary difference between these is the precious metal content. 22 carat gold is 91.6% pure. This means that an item made of 22 carat gold contains 91.6% gold. The rest is a mix of silver, copper, zinc, palladium and platinum. And when it comes to 18 carat gold, it is 75% pure. That means it contains only 75% gold. The rest is made up of other metals. Also when it comes to 9 carat gold it contains 37.5% pure gold. And if we say this calculation in terms of carats… 24 carats is pure. 22 carats means.. 24/22. Also 18 carats means 24/18 and 9 carats means 24/9. Gold prices are decided based on the purity of this gold.
What is better?
There is no answer to the question of which carat gold is better. Because, above you know what purity is in them. If you look at the purity of gold, you can definitely say that 22 carats is good. However, if you want to buy gold in a situation where gold prices have increased, or if you want to have some gold on your face, then even 9 carats are worth it. Based on the purity of gold, it is available at a lower price. For example, suppose 24 carat gold is 80 thousand rupees per 10 grams. Then 9 carat gold is calculated to be worth 37.5% of the value of 24 carat gold based on its purity. That means approximately.. 9 carat gold price will be around 30 thousand rupees. When you want to buy gold in a situation where you cannot spend a lot of money, buying 9 carat gold is suitable.
Hall Marking System..
There is a chance of fraud in gold market. Hence, the government introduced the system of hall marking. This guarantees the purity of the gold. Until now, there is a mandatory provision of hallmark for 22 carat and 18 carat gold. Now it has been made mandatory for 9 carats as well. This also guarantees the purity of jewelery made of 9 carat gold.
Will demand increase?
Now with this decision taken by the government, the demand for 9 carat gold jewelery is expected to increase. In countries like Australia, 9 carat gold is preferred for jewellery. Traditionally in our country 22 carat gold is desired. But, in the background of the increase in gold prices, it is expected that everyone would prefer to buy even 9 carat gold in a situation where the purity is also guaranteed. Experts believe that the demand for this gold may increase in this context. The price of 22 carat gold is now around 67 thousand rupees per 10 grams. The same 9 carat gold is around 25 thousand rupees per 10 grams. So when you want to buy jewellery, it is better to buy 9 carat gold. Especially when the financial situation is tight.
What is the difference?
9ct Gold: One more thing to mention here. In fact, gold is supposed to shine. But, the color of gold changes depending on the metal mixed in it. Lightning will come. 9 carat gold has more luster than 22 carat gold. No one knows how many carats the jewelry we wear is if we tell them. Due to this also the demand for 9 carat gold may increase. Instead of buying 10 grams of 22 carat gold, the same money can buy almost 25 grams of 9 carat gold. If the gold lovers in our country think in the same way… definitely the demand for 9 carat gold will increase in the future.
