What is the Gold?

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What is the Gold?
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• Gold is one of the most precious metals in the
  world. It is known not only for its intrinsic
  physical properties but also for its impact on
  the global economy. Indias gold market is mainly
  driven by the consumption and fabrication of the
  yellow metal into gold coins, gold jewelry and
  other gold articles.

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• The value of gold is measured by its purity
  which is denoted in karat (k) or carat (Ct).
  Higher karat signifies higher gold purity. Among
  Indians, 22K and 24K gold is quite a popular
  choice. If you are wondering which one of the two
  will be best suited for your requirements, read
  on.

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Difference between 22 Karat and 24 Karat Gold

• 24 Carat Gold The 24 karat gold is the purest
  form of gold that anyone can get in the market.
  By the term pure we mean 99.99 pure. When we
  say a gold article is 24 karat pure gold, most
  people think it includes 100 gold, which is not
  the case.

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• If companies want, they probably can extract
  100 gold from the ore but that will be very
  costly as well as impractical as gold at room
  temperature in its pure form is highly malleable
  (too soft to hold its shape or form). Therefore,
  gold is processed till 99.99 purity.

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• The presence of an impurity in gold imparts the
  metal rigidity to hold its form so that it can be
  easily used for minting coins, making gold bars
  and other industrial purposes. As far as its
  color is concerned, gold in its pure form shines
  with a distinct bright yellow color.

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• if we talk about gold price in India, it
  fluctuates every day. But since 24K gold is the
  purest form of gold, it is more expensive than 22
  karat gold.

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• 22 Carat Gold The 22 karat gold has 22 parts
  of gold mixed with 2 parts of other metals such
  as copper, nickel, etc. Gold of this karat is
  also known as 916 gold because it comprises of
  91.67 of pure gold. The presence of other metals
  with the gold makes it harder than a 24K pure
  gold and resultantly, appropriate to make jewelry.

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• However, jewelers prefer 18 karat gold to 22
  karat gold to make heavily studded ornaments. The
  color of 22 karat gold is pale yellow as it
  contains a lesser amount of gold. Also, its color
  can be changed by mixing other metals with it.