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Why 23-carat gold is special in India
Gold is highly durable. It does not rust, corrode, or react to most acids, which is why gold jewellery can last for generations. In India, gold also carries deep cultural value as part of traditions, festivals, and ceremonies. 23 karat gold has a purity of 95.83%. It is very close to pure gold while being slightly firmer than 24 karat gold, which makes it suitable for special jewellery pieces.
Understanding the unique properties and cultural importance of 23-carat gold helps you make better decisions, whether you are buying it for rituals, celebrations, or investment purposes.
How to check 23 carat gold purity
Understanding gold purity helps you verify authenticity and value before you buy, sell, or invest. Consider these methods:
- BIS hallmark: The Bureau of Indian Standards (BIS) hallmark is a reliable purity indicator. It is stamped on the gold item and confirms it meets India's purity standards
- Magnifying glass: Look for small engravings that show the purity level. A 23 karat piece should carry a "23K" or "958" mark
- Colour and shine: Genuine 23 karat gold has a rich yellow colour and an even shine. Dullness or colour changes can suggest impurities
- Magnetic test: Gold is not magnetic. If your piece reacts to a magnet, it may contain other metals or have lower purity
- Professional assessment: A certified jeweller or gold assayer can use specialised tools to give an accurate purity reading
Checking hallmarks, appearance, and expert opinion together gives you the most reliable result. Knowing your gold's purity helps you judge its value and get a fair deal, whether you buy it for a special occasion or as an investment.
Pro tip: Thinking of applying for a gold loan? Start with a simple step—check your gold loan eligibility today.
Comparison of gold purity, gold fineness and gold carat
Gold purity, fineness and carat indicate the amount of pure gold present in an item. The table below shows how these measures correspond across different gold types, making it easier to compare their purity levels.
| Gold Purity | Fineness | Carat |
| 99.90% | 999 | 24 carat gold |
| 99.50% | 995 | 24 carat gold |
| 95.83% | 958.3 | 23 carat gold |
| 91.60% | 916 | 22 carat gold |
| 90% | 900 | 21 carat gold |
| 83.40% | 834 | 20 carat gold |
| 75% | 750 | 18 carat gold |
| 58.50% | 585 | 14 carat gold |
| 41.70% | 417 | 10 carat gold |
| 37.50% | 375 | 9 carat gold |
| 33.30% | 333 | 8 carat gold |
Quick tip: Have gold jewellery or ornaments in 18-22 karat purity, or gold coins up to 24 karat, at home? Apply for a Bajaj Finance Gold Loan today.
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How do you find the value of 23 karat gold?
To find the value of 23 karat gold, start with its purity percentage. 23 karat gold is 95.83% pure, so almost all of its content is gold, and this high purity raises its value. Use the gold rate calculator to work out its worth. Enter the current gold price, the purity, and the weight, and the calculator gives you an estimated value. This helps you decide whether to buy, sell, or value your gold.
Planning a gold loan? Bajaj Finance accepts 18-22 karat gold jewellery and ornaments, and gold coins up to 24 karat.
Check your gold loan eligibility to see how much you could borrow against eligible gold.
Please note: We also do not simply use today's headline rate. As per RBI guidelines, we use whichever is lower between the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. This protects you from a sudden price spike inflating things unrealistically.
The maximum LTV eligible for a loan depends on the loan amount and cannot be more than the limits given. To know more, click here.
Frequently asked questions
Gold Purity
Yes. BIS hallmarking covers 23 karat gold, which carries a fineness of 958. Look for the BIS logo along with the "23K" or "958" mark. A certified jeweller or assay office can also verify the purity of your 23 karat gold.
23 carat gold has a purity percentage of 95.8%. This means that 23K gold is 95.8% pure gold, making it a high-purity option while still retaining some durability compared to 24K gold, which is 99.9% pure.
23K gold is 95.8% pure gold, which is often referred to as 23 carat gold percentage. This high level of purity means that 95.8% of the metal content is gold, with the remaining percentage comprising other metals, which adds strength and durability.
23K gold is more pure than 22K gold. While 22K gold has a purity percentage of 91.6%, 23 carat gold boasts a higher purity percentage of 95.8%. Therefore, 23K gold contains more pure gold compared to 22K gold.
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Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *