Gold

The United Kingdom holds a substantial gold reserve, totaling over 310 tonnes. Current market of 1 ton of gold worth is approximately £51,556,000 per tonne, this makes the UK's gold reserves worth an estimated £16 billion. One tonne of gold is equivalent to 1,000...

Fool's gold, known as pyrite, is a gold-colored mineral often mistaken for real gold. Unlike real gold, pyrite is relatively worthless because it is abundant and lacks significant industrial use. Investments in hot stocks that seem too good to be true, but then crash,...

A gold ingot, made by pouring molten gold into a mold, differs from smaller bars minted or stamped from gold bullion sheets. These ingots must contain at least 99.5% pure gold and meet specific size and marking standards set by the London Bullion Market Association...

24 carat gold, also known as 24 karat gold, is the purest form of gold. It represents 100% pure gold. If all 24 parts of the metal are composed of pure gold, it is labeled as 24k gold, meaning it does not contain any other metal. Its prices fluctuate based on economic...

22 Carat gold, also known as 22k gold, is a type of gold alloy that is 91.67% pure gold, with the remaining 8.33% made up of other metals. The added metals help to harden the gold, making the jewelry less likely to break or change shape easily.  In the UK, people...

10 carat gold, also known as 10K gold, is a type of gold alloy containing 41.7% pure gold and 58.3% other metals like silver, copper, zinc, and nickel. It is the lowest legally recognized gold purity, making it more affordable than higher karat golds. While 10K gold...

Pure Gold does not rust because it is a noble metal and one of the least reactive elements. However, gold items that are not 100% pure may contain other metals like copper or silver, which can cause them to tarnish over time. These metals in gold alloys can create...

18 carat gold, an alloy comprising 75% pure gold and 25% metals such as copper, silver, zinc, nickel, and palladium, is consequently more durable than pure gold. Additionally, it's widely used in high-end jewelry owing to its high value and purity. Therefore, its rich...

9 Carat Gold is the same in the UK as 9 Karat Gold in the US. 9 Carat Gold ranks among the lower purities of gold used in mainstream applications; however, it remains quite common and far from worthless. Moreover, this purity is prevalent in the UK, where people...

585 gold is a type of gold alloy that is 58.5% pure gold. This is often called 14 carat gold, especially in the UK, and referred to as 14 karat Gold in the US. The other 41.5% of the alloy comprises other metals like silver, copper, or zinc, making the gold stronger...

375 gold is just one of many different types of hallmarks. A gold content of 375 signifies that the purity of gold is 37.5%, often expressed as 9k gold in carats. This indicates that the remaining 62.5% is composed of other metals such as copper, nickel, or...

A troy ounce is a special way to measure the weight of precious metals like gold, silver, platinum, and palladium. Unlike the regular ounce used for everyday things, a troy ounce is based on a pound that has 12 ounces, rather than the usual 16 ounces. Therefore, it is...

999 Gold represents the fineness of gold in its thousandth part, which is considered the highest purity of gold. This means out of a thousand parts, 999 parts are gold. Due to its extreme softness, people do not use it for jewelry but for investment purposes like gold...

Rose Gold is a gold alloy made by mixing it with copper and sometimes silver. It gets its unique pinkish hue from the addition of copper, while silver can be used to adjust the color to a lighter shade if desired. Moreover, 22K rose gold is highly desired for its...

Pink gold, also known as rose gold or red gold, is an alloy of gold with other metals like copper and silver, creating a unique and attractive color that captivates jewelry lovers. It looks modern and fancy, and people like it because it makes their accessories look...

Gold melting and gold smelting are two different terms. Melting gold involves heating it until it becomes a liquid, allowing for shaping into bars, coins, or other forms. Gold smelting, however, is a complex method used to purify gold from impurities through heat or...

Gold, in its pure form, is not magnetic. It doesn't get attracted to magnets or show any magnetic properties and has a diamagnetic property which means it is repelled by a magnetic field. This is because it lacks unpaired electrons in its atomic structure, unlike...