Dhanteras 2020: The practice of buying gold is usually on Dhanteras. Before purchasing gold on this day, it is important to know how the purity of gold is determined. With this, you will have to pay according to the purity of the gold. However, understand one thing in advance that pure gold ie 24 carat gold ornaments cannot be made. The gold ornaments you buy are usually either 22 carats or 18 carats. Jewelry is made by mixing zinc or silver in gold. Let’s understand what this caret is and how many grams of gold is in the jewelry you are buying. This is important to know because you buy carat gold but pay on the basis of price gram.
Carat is the standard of purity of gold
Carat is the standard of purity of gold. Just like a carat gold means 1/24 per cent of gold, now you are taking gold with a purity of 22 carat, then it contains (22/24) * 100 i.e. 91.66 per cent gold. Similarly, the price of 22 carat or 18 carat gold will be fixed on the basis of 24 carat gold. You must do this calculation. So before going to buy gold jewelry, go to Indian Bullion Jewelers Association (ICGA) website https://ibjarates.com/ and get the latest price. You will be careful with this. If you know these prices, then buying gold ornaments of 22 carats or 18 carats will cost you as much purity as you are buying. The price given on the IBGA website is valid across the country.
Generally, jewelers sell 22 karat gold jewelery with 91.6 percent purity. 915 hallmark is on these ornaments. In 18-carat jewelery, 75 percent is pure gold.
Gold – Accuracy
24 carat – 99.9
23 carat – 95.8
22 carat – 91.6
21 carat – 87.5
18 carat – 75.0
17 carat – 70.8
14 carat – 58.5
9 carat – 37.5
Hallmark is government guarantee
The hallmark is the government guarantee that its purity is certified. The hallmark is a symbol marked by the Bureau of Indian Standards (BIS) certifying the purity of gold-silver coins and ornaments. It is five digits and the hallmark of all caret is different. A number is written on the hallmark gold jewelry. Every number has a meaning.
Hallmark – Purity
375 – 37.5%
585 – 58.5%
750 – 75.0%
916 – 91.6%
990 – 99.0%
999 – 99.9%
Buy hallmark jewelery only
If you are buying gold jewelry, then buy hallmarked jewelry only because it will tell you how much pure gold is in the jewelry. However, from January 15 next year only hallmarked ornaments will be sold because the central government has made a rule related to it and violations can result in punishment or fine. Apart from this, take sure bills. In the event of a bill, you will be able to negotiate while selling it.