Gold has below Terminology when it comes to its purity Karat and Fineness
Karat / Carat
24 Karat , 22 Karat , 18 Karat , 14 Karat
99.99% , 99.90% , 99.95%
Purity out of 1000
999.9 , 999 , 995 , 916
Purity out of 100
99.99% , 99.90% , 99.95% , 91.6%
Commercial / Trading /Market Used Term
995 / 99.95 / Metal
Customer Used Term
24 Karat / 22 Carat / 18 Karat / 14 Karat
Zaveri Bazaar Terminology and Market Terms
99.95% is commercialy used widely in trade. The Price of gold by default is always communicated for 99.95% or 995. Market Traders buy 995 gold to make Jewellery. The Market uses two terms to communicate 995 purity - FINE or METAL. Zaveri Bazaar uses the terms fine and metal in market terms.
For Creating Jewellery alloy is added to 995 purity Gold to attaing 22 Karat (916 Purity).The Alloy consists of Copper and Silver. The Percentage of alloy (copper and silver) differes to give required shine to Gold jewellery.
Old Gold which is sold by customers in market gets accumaleted in Zaveri Bazaar. The Old Gold is refined into 995 Purity gold and tested for furter sales to Zaveri Bazaar Traders for making Jeweller. The Traders who buy Old Gold and Sell Refined 995% Gold are called Bullion Traders.
Coinbazaar Provides detailed bifercation of Gold in various purity and karat. This makes it easier to make descision on the product to purchase and its detail.
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