3. PURITY OF GOLD
• THE WEIGHT OF GOLD IS MEASURED IN TROY OUNCES.
(𝟏 TROY OUNCE = 31.1034768 GRAMS)
• HOWEVER THE PURITY IS MEASURED IN CARATS.
• CARTAGE IS THE MEASUREMENT OF PURITY OF GOLD ALLOYED WITH OTHER METALS.
• CARAT IS THE MEASUREMENT OF THE RATIO OF GOLD TO OTHER METALS OR ALLOYS.
• CARATS ARE MEASURED ON A SCALE FROM 0TO 𝟤4
• THE HIGHER THE CARAT NUMBER,THE MORE GOLD THERE IS AND THE LESS OTHER METAL CONTENT.
• 24 CARATS IS PURE GOLD WITH NO OTHER METALS.
• OTHER METALS AND ALLOYS COULD INCLUDE COPPER,NICKEL (NOT COMMON ANYMORE),SILVER OR PALLADIUM.
4. NUMBER OF
CARATS
PARTS OF GOLD % OF GOLD
PURITY
MILLESIMAL
FINENESS
9K 9/24 37.5 375
10K 10/24 41.7 416/417
12K 12/24 50.0 500
14K 14/24 58.3 583/585
18K 18/24 75.0 750
22K 22/24 91.7 916/917
24K 24/24 99.9 999
GOLD PURITY
CONVERSION CHART
5. COST PER GRAM
• You need to check the current price of gold
• You need to be updated with the price of gold
6. MAKING CHARGES
• YOU MUST KEPT IN MIND THAT THE PRICE OF GOLD IS NOT ONLY THE
EXPENDITURE THAT YOU WILL HAVE TO BEAR IN CASE OF PHYSICAL GOLD.
• SOME JEWELLERS INCLUDE MAKING CHARGES AT A FIXED RATE PER GRAM OF
GOLD,WHILE OTHERS CHARGE ON PERCENTAGE OF THE TOTAL JEWELLERY WEIGHT.
• PRICE OF JEWELLERY = GOLD RATE/GRAM × WEIGHT OF GOLD IN
JEWELLERY+MAKING CHARGE/GRAM+GST (ON JEWELLERY PLUS MAKING CHARGE)
7. HALLMARK GOLD
• ALWAYS MAKE SURE THAT YOU CHECK THE HALLMARK ON THE GOLD.
• IF IT HAS THE BIS MARK ON IT YOU CAN REST ASSURED THAT IT IS IN LINE WITH THE
STANDARDS THAT HAVE BEEN SET BY THE BUREAU OF INDIAN STANDARDS.
• ALWAYS CHECK FOR THESE FOUR BIS HALLMARKING COMPONENTS BEFORE BUYING
JEWELLERY.
1. BIS MARK
2. PURITY/FINENESS
3. ASSAYING AND HALMARK CENTRES
4. JEWELER’S IDENTIFICATION MARK/NUMBER
8. BUY BACK TERMS
• GOLD BUY BACK ENCOMPASSES A RANGE OF PURITY
VERIFICATION SERVICES THAT ENABLE YOU TO SELL OR EXCHANGE
YOUR GOLD JEWELLERY,BARS AND COINS AT A PURITY
VERIFICATION CENTRE FOR THE BEST VALUE AVAILABLE IN YHE
MARKET.
• AFTER ALL THESE STEPS NEVER FORGET TO COLLECT YOUR BILL
WITH YOUR EVERY SMALL OR BIG PURCHASE.