Purity of gold: 22k Gold
Gold's weight or purity is measure in Karat. A high Karat gold signifies the high purity of gold. The different purity of gold is used to make various gold based items such as bars, coins, jewellery etc.
22K gold
The 22 Karat gold is mostly used in making jewellery. In 22K gold, 22 parts of the metal are gold and rest two comprises of metals like silver, zinc, nickel, and other alloys. It is also known as 91.67 per cent pure gold. Mixing alloys makes the texture of gold harder and hence jewellery becomes durable.
What type of gold is mostly used in making jewellery?
The 22-karat gold is prominently used in designing jewellery items. Since this kind of gold comprises 92% gold and 8% other metal alloys like silver, zinc, nickel, and allied, 22-karat gold makes durable and sturdy pieces of jewellery.
Which type of gold is ideal for daily use?
Daily usage requires you to wear jewellery that is durable and sturdy in nature for which 22-karat gold is ideal because of the presence of alloys like copper, zinc, and silver in it. 22-karat gold is 91.6% gold and the rest metal alloys, which ensures its hardness.
The 22k gold rate is 77.8 CAD per Gram, and it is an opportunity to buy gold because the current gold price is above the moving average of the last four days (e.g., 77.8 CAD). Therefore, it is expected that the gold price might rise as per the above technical analysis.