Question 1

How is gold price calculated?

Accepted Answer

Gold price is calculated by multiplying the weight in grams by the current gold rate per gram for the selected karat (purity). Making charges and taxes are then added to get the final price.

Question 2

What is the difference between 22K and 24K gold?

Accepted Answer

24K gold is 99.9% pure gold, while 22K gold is 91.67% pure gold mixed with other metals for durability. 22K is commonly used for jewelry in India, while 24K is used for coins and bars.

Question 3

What are making charges in gold jewelry?

Accepted Answer

Making charges are the labor costs charged by jewelers for crafting gold jewelry. They are typically 8-25% of the gold value or a fixed amount per gram.

Question 4

How much is 1 tola of gold?

Accepted Answer

1 tola equals 11.6638 grams of gold. It's a traditional South Asian unit used in India, Pakistan, and Middle Eastern countries for measuring gold.

Question 5

How to check gold purity at home?

Accepted Answer

Look for hallmark stamps (916 for 22K, 750 for 18K, 585 for 14K). You can also use a magnet test (gold is non-magnetic) or float test (pure gold sinks). For accurate results, visit a certified jeweler.

Question 6

What percentage do gold buyers pay?

Accepted Answer

Gold buyers typically pay 70-95% of the melt value. Jewelry stores offer 90-100% for exchange, refiners pay 85-95%, while pawn shops may offer only 50-70%.

Question 7

Which is better for investment - gold coins or gold bars?

Accepted Answer

Gold bars (10g-100g) have lower premiums (2-5% over spot) making them better for investment. Gold coins have higher premiums (8-15%) but are easier for gifting and partial liquidation.

Gold Rate Today

Today's Gold Rate Explained

Factors Affecting Today's Gold Rate

Gold Rate by Purity

24K Gold (99.9%)

22K Gold (91.67%)

18K Gold (75%)

Calculate Gold Price Now

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