Tuesday, May 14, 2013

Hallmark


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 in details one thing that should be knows is that different carat price 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 are printed on gold which indicates the percentage of gold present, means purity of gold. If hallmark indicates the number as 100 it means it’s 100% pure gold which means 24 carat, if the number printed is 916 it means it have 91.6% gold and rest 8.4% is other metal and it is of 22 carat and so on.
Thus it is important to know about the hallmark because 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 carat and customer will be 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.

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