Introduction
Understanding gold purity
What are the ways to purify impure gold?
why is this important?
Conclusion
Introduction
Gold is the most precious metal on the earth. Most gold buyers and sellers choose gold for trading as it has the best value and is considered to be the safest investment among all other metals.
It is usually measured in Karat, the higher the karat, the higher its value and price. The word purity of gold refers to the gold present inside the metal, not the entire gold.
The gold in the market which we buy is not pure gold instead it is the alloy of other metals such as silver and copper which makes the gold, even more, more robust and increases its durability than pure gold.
While selling gold to any gold buyer near your area, the purity of the gold has a higher impact on this value and price. The price of gold increases with its higher purity. Let’s say you have two rings made of gold, One is made with 24 karats and the other 14 karats.
Then the gold ring with 24 karats has higher purity thus higher will be its value. Not only this the price of gold can be influenced by the market conditions also so it is important to be updated about the market conditions.
Understanding gold purity
As an individual or as a business we should understand that purity is directly impacting the price of gold. Hence, it is essential to have detailed knowledge about understanding the purity of gold.
Gold jewellery with 24k is considered the purest form of gold while lower karat is considered mixed or impure gold.
Hence, the higher the karat of gold higher will be its price but there is a twist while considering only purity as only the factor for the gold price because there are several factors which directly or indirectly affect the cost of gold.
Your jewellery may be old or scrapped but its purity determines the actual value of the gold. The average gold karat in the Indian household is 22k which makes the Indian gold rate higher in purity and value Thus Indian gold jewellery is the purest form of gold when compared with the rest of the world.
What are the ways to purify impure gold?
Gold is the most valuable metal in the metal and when it is in its pure form its value increase significantly
Electrolysis
A series of current is passed through the impurities of the gold so that the force of the current react with it and cause a separation of pure gold
Chemical methods
To get a pure form of gold from the impurities than some chemicals react with the contaminants causing the gold to get separated from the wastage
Aqua Regia
Here two chemicals react with the contaminant gold to separate the pure and impure gold and the chemicals that react with the impurities are a mixture of nitric and hydrochloric acid
Why is this important?
it is very important to purify the gold from impurities as the value of gold with impurities can decrease its value.
As per the standards of gold, the impurities present in the gold can alter its structure, making it a less valuable metal.
Purifying gold is not a new process when it comes to crap gold it becomes important to clean the gold and separate the pure form of gold.
Conclusion
At the last, the purity of the gold is the main factor that can influence the price of the gold but At the time of selling, we should keep in mind that the market conditions also can play a lead role in the price.
It’s also important to note that the purity level of gold can be affected by the manufacturing process. For example, gold that has been alloyed with other metals may have a lower purity level than gold that has been refined through a purification process.