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Current Gold Price / 10gm :
24 Kt = Rs.
22 Kt = Rs.
18 Kt = Rs.
Know More About Gold
Name of Element : Gold
Symbol of Element : Au
Melting Point : 1064.43 °C
Boiling Point : 2807.0 °C
Crystal Structure : Cubic
Density @ 293 K : 19.32 g/cm3
Colour of Gold : Soft yellow
   
Gold is a metallic element with the atomic number 79 and the symbol Au.
The name gold comes from an Old English word meaning yellow.
Its chemical symbol Au comes from the Latin word aurum, which means “shining dawn”
Gold was among the first metals to be mined because it commonly occurs in its native form, that is, not combined with other elements. Artisans of ancient civilizations used gold lavishly in decorating tombs and temples and gold objects made more than 5,000 years ago have been found in Egypt.
Gold is called a "Noble" metal (An alchemistic term) because it does not oxidize under ordinary conditions.
In pure form gold has a metallic luster and is sun yellow, but mixtures of other metals, such as silver, copper, nickel, platinum, palladium, tellurium, and iron, with gold create various color hues ranging from silver-white to green and orange-red.
The oldest gold jewellery used by man is dated to 3500 BC
What is Karat gold?
 

We use the term 22kt gold, 18kt gold often while buying gold jewellery but do we really know what it is ?
Karat is the measurement of purity of gold content. In India different jewellers quote different prices for 22 kt and 18 kt gold, this further adds to our confusion of how to calculate correct price of karat gold. To know this lets go back to class 6.

24 Kt = 100%         Rs. 30780  
1 Kt = 100/24 = 4.167% 30780/24 = Rs. 1282.5  
22 Kt = 4.167% x 22 = 91.67% 22 x 1282.5 = Rs. 28215  
18 Kt = 4.167% x 18 = 75% 18 x 1282.5 = Rs. 23085  
*Above calculations are based on Current Market Gold Rates.

Points you must check while buying gold jewellery :

  1. See for yourself the mark of Hallmark as given in the picture is engraved on the jewellery piece you buy.
  2. Check the price of 22Kt and ensure that it is calculated at 91.7% of the price of pure gold similarly for 18kt gold.
  3. If possible cross check the weight on the weighing scales for yourself.
  4. Check and understand all the calculations of the bill.
  5. Clearly understand the buy-back policy.
  6. Enquire and understand about any type of hidden cost like wastage or polish charge etc.
  7. You must keep the bill safe as it works as an undisputed future reference document.
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