Yesterday
was 13th May 2013 ‘Akshaya Tritiya’ the Holy Day of Hindu and Jain,
the day when people buy Gold for goodness in their lives. While buying Gold people
ask for the hallmark but hardly know about it, what is its importance at the
time of purchasing gold?
We have
heard the word carat 24, 22, 20…….etc what exactly it is. Before going into
details one thing that should be known is that different carat prices different.
Here is the table to make you understand.
Hallmark
No.
|
Percentage
of Gold
|
Carat
|
100
|
100
|
24
|
916
|
91.6
|
22
|
833
|
83.3
|
20
|
750
|
75.0
|
18
|
667
|
66.7
|
16
|
583
|
58.3
|
14
|
Now according
to the table, hallmark number is printed on gold which indicates the percentage
of the gold present, means purity of gold. If hallmark indicates the number as 100
it means it’s 100% pure gold which means 24 carats if the number printed is 916
it means it has 91.6% gold and rests 8.4% is other metal and it is of 22 carat
and so on.
Thus it is
important to know about the hallmark because of 22 carat gold price less than 24
carat. If a customer is not aware of this the shopkeeper may sell 14-carat gold
with 58.3% of purity at the price of 24 carats and the customer will be a loser. So
next time when you go for buying gold and ask for the hallmarks make sure that
the number printed is clear and right and you are priced on the basis of purity
of gold.