Wednesday, January 11, 2012

[www.keralites.net] Know more about Gold

 

 Gold is a precious yellow metal. The chemical symbol of Gold is 'Au' which is the short form of Latin word  "Aurum" which means 'Glowing Dawn". Its weight is usually expressed internationally in Troy Ounce (Oz) and the currency is denoted as "XAU". The standard weight in which gold is quoted in the international markets is Troy Ounce weighing 31.1035 gms and must have a minimum purity /fineness of 995. The purity of gold is generally described in three ways as under:
PERCENT
FINENESS
KARATS
Comments
(Parts of gold per 100)
(Parts of gold per 1000)
(Parts of gold per 24)
 
99.99 Percent
999.9 Fine
24 Karat
Pure Gold
99.95 Percent
999.5 Fine
24 Karat
Pure Gold
99.90 Percent
999.0 Fine
24 Karat
Pure Gold
99.50 Percent
995.0 Fine
24 Karat
Pure Gold
99.00 Percent
990.0 Fine
24 Karat
Minimum allowed for Pure Gold
95.83 Percent
958.3 Fine
23 Karat
Western India
91.67 Percent
916.7 Fine
22 Karat
Indian Subcontinent
87.50 Percent
875.0 Fine
21 Karat
Arabic Countries
75.00 Percent
750.0 Fine
18 Karat
Standard International Karatage
58.33 Percent
583.3 Fine
14 Karat
USA
41.67 Percent
416.7 Fine
10 Karat
Minimum in USA
37.50 Percent
375.0 Fine
9 Karat
Minimum in UK
33.33 Percent
333.3 Fine
8 Karat
Minimum inGermany
The gold conversion factors are as below:
 
 
1 Gram
Troy Ounce
 
 
Pure gold
0.032151
 
 
999.9
0.032148
 
 
999
0.032118
 
 
995
0.031989
 
 
 
 
 
 
1 Troy Ounce
Gram
 
 
Pure Gold
31.1035
 
 
9999
31.1061
 
 
999
31.1351
 
 
995
31.2607
 
 
 Errors and omissions expected
 
Best Regards
Prakash Nair  

www.keralites.net

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