24 Karat Gold Rate in Pakistan
Price Of 24 Karat Gold
24 Karat Gold Rate (1 Gram)
Rs. 23894
24 Karat Gold Rate (1 Tola)
Rs. 278700
24 Karat Gold Rate (1 Ounce)
Rs. 677390
What Is 24k Purity Gold?
24k purity gold is the highest level of gold purity that exists. It is also known as 999 fine gold, meaning that it contains 99.9% pure gold with only trace amounts of other metals.
To better understand what 24k purity gold is, it’s important to know how purity levels in gold are measured. Purity levels are measured in karats, with 24k representing the purest form of gold. This means that 24 out of every 24 parts are pure gold.
Other common purity levels include 18k (75% pure), 14k (58.3% pure), and 10k (41.7% pure). These lower purity levels are achieved by mixing in other metals, such as silver, copper, nickel, or zinc. This is done to make the gold stronger and more practical for everyday use.
However, 24k purity gold is typically not used in jewelry or other common applications due to its softness and malleability. It is often reserved for special occasions or investment purposes.
Uses Of 24 Karat Gold In Jewelry
Because of its high level of purity, 24k gold is often seen as the most valuable and luxurious form of gold. It’s commonly used in high-end jewelry, such as earrings, necklaces, bracelets, and rings. This is because it has a rich yellow color that does not tarnish over time.
Additionally, 24k gold is also commonly used in intricate and detailed designs due to its softness. Jewelers can easily shape and mold the gold into various shapes and patterns, making it ideal for ornate pieces.
However, 24k gold is not very practical for everyday wear as it is more prone to scratches and dents compared to lower purity levels of gold. It also has a tendency to bend or warp, which can affect the overall shape and structure of jewelry.
Why 24 Karat Gold Is Considered A Good Investment?
In addition to its use in jewelry, 24k gold is also commonly purchased as an investment. This is because the high purity level means that it holds a higher value compared to lower purity levels of gold.
When purchasing 24k gold as an investment, it’s important to buy from reputable sources and ensure that the gold is certified for authenticity. It’s also recommended to hold onto the gold for a longer period of time, as its value may increase over time due to market fluctuations.
Furthermore, 24k gold is considered a good investment due to its universal value and stability. It’s recognized and valued all over the world, making it a reliable form of currency in times of economic uncertainty. Here are some reasons why 24k gold is considered a good investment:
1. High Purity Value:
2. Resistant to Tarnishing:
3. Universally Recognized:
4. Potential for Long-Term Growth:
5. Diversification of Portfolio:
Investing in 24k gold can add diversity to an investment portfolio, as it is not affected by the same market fluctuations as stocks and other traditional forms of investments.
Consumer Tips To Buy Or Sell 24 Karat Gold:
i. Buy From Reputable Sources:
It’s recommended to buy 24k gold from established and reputable sources, such as certified dealers, jewelry stores, or reputable online sellers.
ii. Verify Authenticity:
Before making a purchase, it’s important to verify the authenticity of the 24k gold being sold. This can be done by requesting a certificate of authenticity or testing the gold with a reputable gold tester.
iii. Be Aware of Market Prices:
Stay informed about current market prices for 24k gold to ensure that you are getting a fair deal. It’s also recommended to compare prices from different sources before making a purchase.
iv. Understand Gold Storage and Maintenance:
If buying 24k gold for investment purposes, it’s important to understand how to properly store and maintain the gold to retain its value. This includes avoiding exposure to harsh chemicals or extreme temperatures.
Today Gold Prices in Major Cities of Pakistan
What Are The Different Karat Levels Of Gold?
As mentioned earlier, purity levels in gold are measured in karats. Here is a breakdown of the different karat levels and their corresponding purity:
- 24k Gold: 99.9% pure gold
- 22k Gold: 91.7% pure gold
- 18k Gold: 75% pure gold
- 14k Gold: 58.3% pure gold
- 10k Gold: 41.7% pure gold
It’s important to note that the purity level of gold can vary slightly depending on the country or region it is from, as different alloys and mixtures may be used in the process.
