999 vs 995 Gold:- Gold is usually available in three types – 18 carat, 22 carat, and 24 carat. Among these, 24-carat gold is considered the purest. On the other hand, 18- and 22-carat gold are mixed with other metals, so they are not as pure as 24-carat gold.
If you plan to buy gold on Akshaya Tritiya, it is essential to be aware of some key details before making a purchase. This will help you avoid any loss. Today, we will delve into the details of gold purity. When you buy gold, you might notice numbers like 999 or 995 written on it. But what do they mean, and which one is better? Both of these marks are found on 24-carat gold. Let’s understand the difference between the two.
What Do 999 and 995 Mean?
24-carat gold is considered the purest because it contains the least amount of other metals. If you see the number 999 on a gold item, it indicates that the gold content is 99.9%, with the remaining 0.1% composed of other metals.
On the other hand, if you see 995, it means the gold contains 99.5% gold, with the rest being a mixture of other metals.
Between the two, 999 gold is purer because it has 99.9% gold.
Which Is Better for Jewellery?
22 carat gold is considered ideal for jewellery because the mixture of other metals in it makes it stronger. 24 carat gold, on the other hand, is more flexible, which makes it more prone to breaking. Therefore, 22-carat gold is generally preferred for making jewellery.
You can buy gold coins in the 24 carat, 999 category. These coins are pure gold and can be found in most shops.
Gold Rate Today: What Is the Price of Gold?
As of 3:35 pm today, the price of 24 carat gold in MCX is ₹96,500. Yesterday, the price reached ₹1 lakh, but it has since declined.