While purchasing or selling gold, the gold price depends on the gold rate per gram and its purity. For instance, 1 gram of 22 karats differs from 1 gram of 18 karat gold. So, it is imperative to know the purity of the gold before making a purchase or selling it for cash. Earlier, there were several ways of making gold jewellery and ornaments, but there was no way to be assured of their purity. However, we are no more confident and safe about our gold transactions thanks to BIS India’s hallmarking system.
If you want to sell gold, it is advisable to choose Muthoot Gold Point as your one-stop-shop. The Muthoot gold rate today is at its best. Besides that, it ensures transparency in purity. However, before choosing to sell your gold jewellery, let us understand the difference between BIS Hallmarked gold, KDM gold, and 916 gold. Knowing these terms enables you to sell your gold jewellery based on purity and quality so that you can get the highest amount.
- Hallmarked Gold
Hallmarking is the process of gold quality check and assurance. It is carried out by the Bureau of Indian Standards (BIS) to certify the purity and fineness of the gold items. Hallmarked gold items are usually laser engraved with four components – The BIS logo, purity in karat, the assaying, hallmarking center’s logo or number, and the jeweller’s identification mark.
The hallmarking on the gold items shows that the gold used for making those items adhere to the international gold standards for purity based on the rules and regulations of the BIS Act. If you are selling a hallmarked gold item, you can be assured to get a fair price and gold price ahmedabad today.
- KDM Gold
In this process, the gold items are shaped into jewellery form by soldering a myriad of gold parts. Cadmium is mixed in the ratio of 92% and 8% to ensure the purity of 92%. Cadmium-soldered gold jewellery was known as KDM gold in the early days. It ensured the quality and finesse of gold items regardless of the amount of solder used in the process. However, the circulation of such gold items has been banned by the BIS India as it causes health issues for both artisans working with it and consumers wearing it.
- 916 Gold
The three-digit number represents the purity of the gold in the final product. Gold is categorized based on its purity and the different types of purity levels. For instance, 24 karat gold, 23 karat gold, 22 karat gold, 18 karat gold, 14 karat gold, 10 karat gold, etc. 22 karat hallmarked gold jewellery is known as BIS 916 gold. The ‘916’ indicates the purity of the gold in the final product. Likewise, 958 represents 23 karat gold, and 750 represents 18 karat gold.
It is worth noting that most gold designs are made using 22 karat gold or BIS 916 Gold. 22 karat gold is more durable than 24 karat gold. Therefore, most Indians buy 22 karat gold jewellery or 916 gold.
So, if you want to sell gold jewellery it is essential to find out if they are hallmarked as they are of the best quality and are sold at a fair gold rate per gram. Also, opting for Muthoot Gold Point may also get you the best rate as online gold rate is most attractive.