22/22K on gold bar

What does 22/22K on a gold bar signify?

Hi,

We measure the purity of gold in karats. 24 karat gold is 99.9% pure while 22 karat gold is 92% pure. Every gold karat is equivalent to 4.2% pure gold, which in essence means that 14 and 18 karat gold contains only 58.33% and 75% pure gold respectively. Although 24 karat gold seems like the better pick as far as making jewellery is concerned, it isn’t actually suited for this purpose. So, the next time your favourite jeweller makes false claims about using only 24 karat gold when making jewellery, you can always question them.
Since 24 karat gold can’t really be used to make jewellery, jewellers tend to use 14, 18 or 22 karat gold. Whenever you plan on buying gold jewellery, you need to check its purity. That’s why you have Hallmark to protect you from instances of fraud. Hallmark indicates that the gold you’ve bought is pure. Therefore, it is advisable to purchase hallmarked jewellery since it is tested by competent agencies. If you want to invest in physical gold, it is best to go in for gold coins and bars. These have a better resale value than gold jewellery. This is because you pay a lot in wastage and making charges, which aren’t included when you sell the jewellery. You can also get hallmarked gold coins and bars. To check gold rates, click here - https://www.bankbazaar.com/gold-rate-india.html.

Want to check out Personal Loan offers? Click here.

Cheers,
BB Expert