Difference Between 24K Gold and 22K Gold?

Indians never shy away from buying gold, whether it's a wedding or some other religious event, they just need an excuse to buy gold. Gold is one of the world's most valuable and commonly used commodities. One of the key reasons for its long-term popularity is that it does not react with moisture, so it does not rust and is tarnish-resistant. It has a brilliant lustre and a yellow colour that is attractive for ornamental jewelry. People have kept gold for a variety of purposes over the centuries. Gold's ubiquity in different religions, combined with tradition, has led to large populations expecting important items and jewellery to be made of gold. It is known to be one of the strongest assets in any economic downturn. Gold prices ended the year 25% higher in global markets in 2020, the largest annual increase in a decade.

What is Karat or K stand for?

We usually come across terms like karat, or k suffix when we go to buy gold. To understand the difference between 22K and 24K, one must first understand what K or karat means. The purer the gold is, the higher the karat value. On a scale of 0 to 24, it is rated. To improve the composition and produce gold jewellery, other metals such as copper, nickel, silver, and palladium are added.

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