How To Make It Work: Buying Gold – Higher the Karat, More Pure the Gold!

Buying Gold – Higher the Karat, More Pure the Gold!
Thursday, June 7, 2007

“Gold” - a precious word and most favourite metal of most women. Buying gold involves various things. You have to be more cautious about the quality and price. Gold indicates 24K gold and the also gold in general. The unique feature about 24 carat gold is its softness. Certain other materials have to be added with gold to make them more durable. There are various authentic gold with distinct carat such as 14K, 16K, 18K and 24K.

What is the Karat?

It is a unit exclusively used for measuring the mixture of gold with other base metal. 18K gold constitutes of 18 parts of pure gold and it will be mixed with 6 parts of other material. In other words, 18K gold is 75% pure gold. 18K gold will be stronger than 24K gold. It is best used to making diamond studded jewellery.

Guidelines to purchase good gold

Verify the Karat

You have to check the karat mark to know the reliability of the gold. You can also know about the percentage of purity of gold it has. 24K pure gold is very soft, warm and also rich in colour. The only disadvantage is it may be easily broken or damaged.

Verify the Trademark

You are advised to check the trademark of the manufacturer. Legally it has to be there to sell gold to the pubic in general markets. “Hallmark” is a well known trade mark, which indicates the accuracy of the karat in your that you are going to buy.

Price Evaluation

Karat of the gold is not only the determinant of price but there are also distinct factors to influence the price of gold in the market. The other factors are namely weight of gold, design, construction and the details of ornaments. Most of the recently marketed gold is designed with the support of unique machines and if needed, you can design by them hands.

Golden Recommendations

Try to buy gold in the form of bars and coins. They are worthy than jewellery in case of investment.

When you buy gold biscuits or coins, verify BIS sign or at least Hallmark to ensure the purity and quality of the metal.

Always check the loyalty of the manufacturer. Better to go for the manufacturer who has an authenticated membership.

Be sure and verify twice the sales receipts.

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Posted byDaryl W.T. Lau at 2:04 AM