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Today’s gold rate across all major cities in India
18 Jan 2021
22 Carat Gold
24 Carat Gold
Gold was discovered in 1848 and since then it has become a major investment for many, especially Indians. Bihar has a pivotal role in Indian history and so is its love for gold. Unlike other countries, the demand for gold will be at its peak during festivals and weddings. Since gold is used to make jewellery, it has become a primary asset for everyone. There is a fluctuation in the gold rate when there is a change in the international gold market.
Since Bihar does not have any gold mines, the metal is imported from other states and countries. However, most of the residents own small quantities of gold. Many people prefer investing in gold because the metal is resistant to rust and corrosion. Below is today’s gold rate in Bihar.
Measurement of Gold
The unit measure for gold is known as Karat. The weight is measured in troy ounces. One troy ounce is equivalent to 31.1034768 grams. 24-karat gold is considered as gold in its purest form.
What is Karat?
The purity of gold is calculated by its unit measure known as Karat. The purest form of gold is 24-karat which is soft and supple. To strengthen 24 karat gold, the jewellers add other metals such as copper and silver while making ornaments. One karat is 1/24th part of the whole 24-karat. If you see a gold bar or jewellery marked as 18-karat or 22-karat, that means only 18 and 22 parts of pure gold and the balance is copper or silver.
24 karat gold is made of 99.9% pure gold while 22 karat gold has only 91.6% pure gold. The price of pure gold is higher when compared to 22-karat gold.
Given below is the fineness scale which is used while measuring the purity of gold:
24 K = 99.9% Pure
22 K = 91.6% Pure
18 K = 75% Pure
14 K = 58.5% Pure
10 K = 41.7% Pure
These measures are otherwise known as Hallmark. Each Karat gold should have this hallmark which can help the jeweller or buyer while buying gold ornaments, gold bars and coins.
Below are some of the key factors that affect the price of gold in Bihar
Buy gold in Bihar
Gold is the smartest way of investment, but you will have to go through every minute detail before investing your money in the yellow metal. You can find various fake gold investments which you can fall prey to if you do not do a proper background check. Below are some points to check before you decide to buy gold
Keep an eye on the Gold rates: Checking the gold rates regularly will help you understand the gold industry as well as the market trends. This step will help you to buy gold at the right time.
Different Types of Gold: When you plan to invest in gold, take time and decide what type of gold you want as an investment. It could be jewellery, gold coins, Gold bars, gold bond, etc.
Ensure purity: Gold is measured in Karats. 24 Karat is 99.9% pure gold while 22 Karat is 91.6% pure. Below is the fineness scale which is used to determine the purity of gold-
Bureau of Indian Standards (BIS) Hallmark: The easiest way to check for purity is to look for Hallmark.
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