Over time, gold has shown to be an excellent inflation hedge. Gold is becoming more and more of a significant investment for investors. Especially in India, gold is one of the most widely used investment instruments globally.
Understanding purity of 22k and 24K
One of the most crucial things to think about before buying gold is its purity, which is measured in “Carats,” with 24K being the purest type. For durability, 24K gold must be combined with other metals because it is only found in a liquid, malleable state. For example, 22k gold is a mixture of 2 parts other metal alloys and 22 parts gold, or 91.6% of the total. The price of gold increases with increasing purity.
24 carats is considered the purest kind of gold. 24-carat gold, often known as pure gold, is 99.9 percent pure and contains no other metals. Various purities of gold are measured relative to 24 carats.
The fineness of 22-carat gold is perfect for jewelry-making. Gold becomes more rigid when combined with other metals, making it suitable for jewelry. 91.67 percent pure gold is frequently reflected in 22-carat gold.
Gold rates for 8 grams in India Today
| City | Standard Gold Rate (22K) | Pure Gold Rate (24K) |
| Ahmedabad | ₹ 46,840 | ₹ 51,096 |
| Bangalore | ₹ 46,800 | ₹ 51,056 |
| Chennai | ₹ 38,342.32 | ₹ 41,828 |
| Delhi | ₹ 46,920 | ₹ 51,176 |
| Hyderabad | ₹ 46,800 | ₹ 51,056 |
| Kolkata | ₹ 46,800 | ₹ 51,056 |
| Mumbai | ₹ 46,800 | ₹ 51,056 |
Gold rates for 10 grams in India Today
| City | Standard Gold Rate (22K) | Pure Gold Rate (24K) |
| Ahmedabad | ₹60,400 | ₹65,890 |
| Bangalore | ₹60,350 | ₹ 65,840 |
| Chennai | ₹61,100 | ₹66,650 |
| Delhi | ₹60,500 | ₹65,990 |
| Hyderabad | ₹60,350 | ₹65,840 |
| Kolkata | ₹60,350 | ₹65,840 |
| Mumbai | ₹60,350 | ₹65,840 |
The conventional unit of measurement for gold purity is “carats,” where 24 carats represent the metal’s purest form. But because it is liquid, the gold cannot be shaped into coins, jewelry, or even bars.
As a result, it is combined to create an “alloy” with other metals like nickel and silver. For example, 22-carat gold is a mixture of two parts of other metal alloys and 22 parts of gold, or 91.6% of the total. The higher the purity level, the higher the price of gold.
Gold is traded globally in various forms, including bars, coins, bullions, jewelry, exchanges, mutual funds, mining stocks, Exchange Traded Funds (ETF), futures and options, and digital gold. It is regarded as one of the safest financial instruments against inflation.
