999 gold | Guide About 24k Gold Inside Out – 2023
If you are planning to buy gold for investment or going to buy it for jewellery, you should be very well aware about its hallmark numbers.
There is a meaning of this stamp and numbers printed on it. We will make you understand the science behind this all especially Gold 999.
There’ll be a question in your mind, how this will benefit you. The answer is, knowing all about hallmark gold numbers, you will make a better decision regarding different types of gold in the market.
999 Gold Price
You can check the 999 gold price in bangladesh and 999 gold rate in Kuwait.
Karats of Gold
First of all, let us educate you about the karats of gold. Karats are the measuring units of gold purity. It will tell you the proportion of pure gold contained by gold coin, bar, or jewellery piece.
You can read from here, more about fineness and karats of gold.
They are usually from 1 to 24, highest being the purest among all i.e. 24k gold.
Most commonly used karats of gold are 14 karats, 18 karats, 20 karats, 21 karats, 22k and 24k gold. Where ‘k’ is the short form of karat.
To get some idea of how the prices are fluctuating, you can go through one of our most popular article Gold Price in Bangladesh.
There is another system other than gold carats, to check and monitor the purity of silver, gold, and platinum. It is called Millesimal Fineness. Its value can be like 999 or 916, out of 1000. Millesimal fineness is the quantity of pure gold parts out of 1000.
For example, 999 means 999 parts of pure gold and 916 means 916 parts of the pure gold out of 1000, in the gold alloy respectively. 999 gold is extremely soft, hence can not be used in daily use jewellery. Because it can be damaged and get scratches very easily. For this reason, 999 gold is only used for mixing in gold alloys to make 18k to 22k gold.
999 Gold as Investment
It can also be used for investment purposes, where you buy 999 gold and sell it whenever you need or after getting a good profit chunk. Investors are keen to go for 999 gold because it has a good resale value and price deduction at the time of selling is very minimal. As you have educated yourself with enough reasons that 999 gold is not suitable for making jewellery.
The trading of 999 gold is in the form of gold coins and bars, especially bullion bars. It is available in all sizes in the market, small as the size of SIM cards and very large too. Mitsubishi, is the manufacturer of a very large sized gold bar. Despite the fact, 1 Gram to 20 Grams of gold bars can be bought from the market.
If you want to know about how to measure gold weight ?
No matter what the size of it, investors buy these 999 gold bars and coins. They keep it for a certain time period or keep trading to sell it in a good amount for earning profit. Gold 999 is considered to be the best investment. It is valuable and accepted all over the world. The race to collect the Gold treasures is not restricted to individuals only.
Many Countries’ governments are also keen to grow their reserves of gold.
Comparison Of 999 Gold and 916 Gold
We learned about the 999 gold so far, the purer gold among all other karats, as shown in the above table. The next best possible pure gold is 916 gold. 916 is the millesimal fineness number of 22 karats gold. The 916 number is actually derived from the fact that It contains 91.6 percent pure gold.
You will find 916 gold or 22k in almost all of the jewellery stores. It is best suitable for making jewellery pieces. Being the more durable gold type than 999 gold, 916 gold made ornaments are the first choice of its users.
Some Facts About Gold
- All the registered traders, storekeepers and jewellery shop owners will give you stamped gold bars, coins and even jewellery pieces.
- These stamps, called Hallmark, are actually tell gold purity with manufacturing date and manufacturer name
- Low karat gold can give you loss at the time of selling, while upgrading you jewellery piece
- High karat gold are solid in terms of trading
- High number Karat gold is more expensive comparatively
- Low karat gold can loss its colour brightness after some time, while high karat gold is resistant to it
- In low karat gold, strength will be high that can be used to make some durable Jewellery pieces
- High karat gold are softer and flexible, hence are not suitable for making jewellery
What is Gold Clad ?
There is a gold clad available in the market, clad is just like a thin layer which is gold plated over the metal like silver, copper or nickel. It is worthless and nothing but just has the gold color, looks like gold.
These are nothing but just for the sake of show-off and decoration purposes. It has no worth. It can be available for 1$ or maybe less than this.
How to make Gold clad?
The process of electroplating generates Gold clad. It can be made by. It is a method to coat a thin layer over metal with the help of a passing current. The metal on which we want to coat a layer is inserted into a solution. The metal is usually silver, copper, or brass.
Testing of Gold is real or is it a Gold clade?
- The very first test is a home test, pour a small drop of vinegar on the jewellery piece, coin, or bar. If the color disappeared, it was a gold clad. The real gold doesn’t get affected by vinegar. Do it at your own risk, the color of your gold can disappear forever.
- Testing with the help of gold testing stone and acid. Pour a few acid drops on the stone, and rub your gold piece gently on the surface of the stone where acid drops. If the strong marking color of gold remains on the stone, gold is real. otherwise, the gold color marking disappears after a while. Then it will surely be the gold clad.
- Magnet test. Solid gold will not be attracted to magnets. Whereas, a gold-clad will be attracted to the magnet.
- Check the Hallmark of gold. If it is a real Gold piece, it will surely have a valid Hallmark. The purity of the gold and manufacturer’s name and identification will be mentioned on the Hallmark. Though these are written in very tiny fonts. You could need a magnifier to read the things.