Gold Fineness: Understanding the Difference Between 999 and 995

Quick Summary:

Understanding gold purity levels like 999 and 995 is vital when purchasing 24-karat gold.

The purity levels affect the cost, with 999 fineness being the purest and most expensive option, while 995 fineness is standard for trading.

However, 995 fineness gold can be used for coins, bars, pendants, and other small items.

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Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaCanada

Topics: Gold purity 995 fineness 999 fineness World Gold Council Gold jewellery 24 karat gold Gold fineness Hallmarking rules Pure gold Bullion

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-09 @ 20:31:38 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1193 words

Reading Time: 7 minutes read

Sentences: 59 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 20923700

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