Monday, May 29, 2023

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Gold News: Beware! Check impurity before gold purchase

Check Gold impurity: There are myriads of reasons to buy in gold during festival season. Besides the traditional point Gold purchase provides you an excellent opportunity for diversification. It is said that there no better tool then gold, when it comes to diversification of assets. . If you have not invested in yellow metal, you are probably committing a mistake. It also provides some relief against poor times. So invest in Gold without coming under the hands of frauds. Here are guides to check impurity of Gold

Purity of gold check:

Purity of gold: Always check local gold prices before purchasing the Gold. The gold we found or buy in the market is mixed or alloyed with some other metals such as copper, nickel, silver, palladium and zinc. The least expensive or cheapest gold alloy is pink gold or rose gold, which is mixed with silver and copper and occasionally referred to as green gold. Next is white gold, which is mixed with palladium, nickel, and zinc, and the most expensive one is yellow gold alloyed or mixed with silver, copper, and zinc.

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The carats indicate the exact amount of alloying and how pure the gold is. 24 carats are 99.9% pure, 23 carats are 95.6% pure, 22 carats are 91.6% pure, 18 carats are 75.0% pure, 17 carats are 70.8% pure, 14 carats are 58.5% pure, 10 carats are 41.7% pure, 9 carats are 37.5% pure, and 8 carats are 33.3% pure.

Magnetic method to test:

The magnetic test is to check gold purity. There are various ways to check the gold purity. Among these one of the popular ways to check gold is the magnetic method. This is known to be far more easier than other ways like acid. Just imagine for an acid test you need to carry the acid around. The magnet is far easier as you can carry a small piece easily in your pocket. The beauty of this mechanism is that it is very easy to understand as well. The simple logic is that if gold is mixed with a metal, it will immediately get attracted to the magnet.

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Skin test:

This is also one of the popular method to check the purity of Gold. Having said that the skin test also is quiet popular, if you hold the gold jewellery in your hands, it will discolour if it is not genuine. On the other hand, the one that is real will never, thus showing and proving the purity of gold. This is also a relatively simple way to understand and inspect when buying gold in India.

Hallmarked gold:

It is important to clear to the gold buyers that there is no difference in gold prices of normal gold and hallmarked gold. The hallmarked gold just ensures the purity of the gold and it is convenient for common gold buyers to buy gold without impurity. So, it is better to stick to the quality hallmarked products.

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