Gold Price Today In India 2023 || How To Identify Pure Gold?
Gold has always been a valuable and treasured metal in India. It has been an integral part of the country’s culture and heritage for centuries. The demand for gold in India is primarily driven by its usage in jewelry, investment, and festivals. In recent years, the gold price has been fluctuating, and it is essential for consumers to stay updated on the current prices before making any purchase.
Gold Price Today in India 2023- As of March 27, 2023, the gold price in India is 46,248 Indian Rupees (INR) per 10 grams. The gold prices have been fluctuating due to various factors like demand and supply, inflation rates, global geopolitical tensions, and the value of the Indian Rupee against the US Dollar. It is essential to keep track of the gold prices as it can help in making informed investment decisions.
Identifying Pure Gold in India
In India, gold is primarily sold in 22-carat and 24-carat purity. 24-carat gold is the purest form of gold, and 22-carat gold contains a small percentage of other metals like copper or silver, making it more durable for jewelry making. There are various ways to identify pure gold in India, which are:
- BIS Hallmarking: The Bureau of Indian Standards (BIS) hallmarking is a certification of the purity of gold. The hallmarking consists of a BIS logo, fineness number, and the year of marking.
- Magnet Test: Pure gold is not magnetic. Therefore, using a magnet to check the gold’s purity is an easy and quick method.
- Nitric Acid Test: This test involves applying nitric acid to the gold. If the gold turns green, it is not pure, and if it remains the same color, it is pure.
- Density Test: This test involves measuring the gold’s density by comparing it to its weight in water. Pure gold has a specific density of 19.3 g/cm3.
Here is a table displaying the gold price today in India for different weights:
| Weight (in grams) | Gold Price (in Rs.) |
|---|---|
| 10 | 45,310 |
| 50 | 2,26,550 |
| 100 | 4,53,100 |
| 250 | 11,32,750 |
| 500 | 22,65,500 |
| 1000 | 45,31,000 |
Gold Category
- Yellow Gold- Yellow gold is the most common and traditional type of gold. It is made by mixing pure gold with other metals like copper and zinc to create a harder alloy. The percentage of gold in yellow gold varies, with 14K and 18K being the most common.
- White Gold- White gold is made by mixing pure gold with metals like nickel, palladium, or silver to create an alloy. It is then plated with a layer of rhodium to give it a bright, white finish. White gold is often used in engagement rings and wedding bands.
- Rose Gold- Rose gold, also known as pink gold, is a mixture of pure gold and copper. It has a warm, reddish-pink hue that is created by the copper content. Rose gold is becoming increasingly popular in jewelry design.
- Green Gold- Green gold is a type of gold that has a greenish-yellow color. It is created by mixing pure gold with silver, zinc, and copper. The higher the percentage of silver, the greener the gold.
- Black Gold- Black gold is a type of gold that has a black or dark grey color. It is created by coating yellow gold or white gold with a layer of black rhodium or ruthenium. Black gold is popular in men’s jewelry.
- Blue Gold- Blue gold is a type of gold that has a bluish tint. It is created by mixing pure gold with iron, which gives it the blue color. Blue gold is a relatively rare type of gold and is often used in high-end jewelry.
- Purple Gold- Purple gold is a type of gold that has a purple hue. It is created by mixing pure gold with aluminum, which gives it the purple color. Purple gold is a relatively new type of gold and is not widely used in jewelry.
Conclusion
Gold is not just a precious metal, but it also has cultural and emotional value in India. The gold price today in India is affected by various factors, and it is important to stay updated with the latest prices before making a purchase. When buying gold in India, it is essential to ensure its purity, and hallmarking is the best way to guarantee it. With the tips provided in this blog, you can easily identify pure gold and make an informed decision while purchasing it.