What is Gold Purity

What is Gold Purity

Discover the significance of gold purity and its impact on quality and value. Check your gold loan eligibility and get the best value for your gold.

Rs. 5,000 - Rs. 2 crore

To find the nearest gold loan branch,

Enter phone and OTP | Check amount you can get | Apply for quick funds

Understanding gold purity

Gold in India is more than a metal—it’s tradition, culture, and a sign of prosperity. From weddings to festivals, it holds a special place in every household. But not all gold is the same, and that’s where purity comes in.

Purity is measured in karats. For instance, 24-karat gold is the purest, while 18-karat gold means 18 parts gold and 6 parts other metals. The higher the karat, the more valuable and durable the piece.

Checking gold purity is crucial when buying jewellery. It helps you know exactly how much gold you are getting, ensures fair pricing, and gives you confidence that your investment will last over time.


Different methods to test gold purity

There are several methods to perform a gold purity check. One common approach is the acid test, where nitric acid is applied to gold, causing a reaction that reveals its purity. You can also use electronic testers, which measure conductivity to indicate purity. The float test, a simple method, involves placing gold in water—genuine gold sinks due to its density. Additionally, hallmarking, particularly the BIS hallmark in India, is a reliable way to verify gold purity. You can follow these simple methods to check the gold purity at home.


How to check gold jewellery purity before buying

Before buying gold jewellery, it’s crucial to verify its purity to ensure you’re getting what you pay for. Look for the BIS hallmark, which certifies that the jewellery meets Indian gold standards. You can also request a gold purity check using a karat meter at the jeweller's. Additionally, it’s advisable to check the gold’s karat rating, with 22k being the most commonly sold in India. Ensure the jeweller provides an authenticity certificate, detailing the gold’s weight and purity. This verification helps protect your investment and ensures the testing of gold jewellery for long-term value and reliability.


What is the difference between 22k and 24k gold purity?

The difference between 22k and 24k gold lies in their purity levels. 24k gold is considered the purest form, containing 99.9% gold with no significant alloys. It's soft, making it unsuitable for crafting intricate jewellery. In contrast, 22k gold contains 91.6% gold, with the remaining portion made up of metals like copper or silver, making it more durable for everyday wear. Due to this added strength, 22k is preferred for gold jewellery. However, 24k is often used in investment forms like coins or bars, offering a higher gold purity but less practicality for jewellery purposes.


Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.


Why checking gold purity is essential before buying jewellery

Checking gold purity before purchasing jewellery is crucial to ensure you’re getting the best value for your money. Knowing the exact purity level helps avoid overpaying for lower-quality gold. A proper gold purity check also ensures the durability and authenticity of your jewellery. Hallmarked gold confirms the gold's standard and protects buyers from counterfeit or impure gold. Moreover, understanding the purity allows for better resale value, as purer gold holds its worth over time. Ultimately, testing gold jewellery before buying safeguards your investment, ensuring long-term value and satisfaction.


How to test the purity of gold using a karat meter

A karat meter is a highly reliable device for testing gold purity. It works by measuring the electrical conductivity of gold, which varies based on its purity. Jewelers often use karat meters to provide precise readings of gold's karat value, such as 22k or 24k. This method is non-destructive, ensuring that the gold remains intact. The device is also quick, providing instant results that help consumers make informed decisions when buying or selling gold. By using a karat meter, you can ensure accurate gold purity checks without damaging the piece.


Why gold purity matters when applying for a gold loan

When applying for a gold loan, gold purity is a crucial factor. Lenders assess the purity of the gold to determine its market value, and in turn, the loan amount you are eligible for. Higher purity gold, such as 22k or 24k, can secure a larger loan, as purer gold carries more financial weight. Lower purity gold, on the other hand, may result in a reduced loan amount. Therefore, ensuring high-purity gold will help you secure a more substantial loan, protecting your financial interests.


Gold purity test for accurate gold loan valuation

For an accurate gold loan valuation, lenders perform a thorough gold purity test. The purity level directly influences the loan amount, as higher purity gold (like 22k or 24k) fetches a higher value per gram. This purity is evaluated using tools such as karat meters. Once the purity is confirmed, lenders use it to determine the gold loan value per gram. You can calculate potential loan amounts by using tools like the gold loan calculator by Bajaj Finance to get an estimate based on your gold’s purity.


Apply in minutes. Money in account instantly with a Bajaj Finserv Gold Loan*

Show More Show Less

How to check the purity of gold

Here are five pointers for checking the purity of gold:


  1. Hallmark inspection: Look for a gold hallmark logo or stamps on the gold piece, indicating its purity. These marks often include karatage details, such as 24K, 18K, or 14K, certifying the gold's purity level.
  2. Professional testing: Seek assistance from a certified jeweller or a gold testing professional. They employ specialised tools like acid tests, electronic testers, or X-ray fluorescence (XRF) machines to accurately determine the gold's purity.
  3. Gold testing kits: Consider using gold testing kits available in the market. These kits typically include solutions or tools to conduct simple tests at home, offering insights into the gold's purity.
  4. Magnet test: While not a definitive purity test, gold is not magnetic. Using a magnet to check for attraction can help identify non-gold elements or alloys in the piece.
  5. Physical inspection: Examine the gold's colour, as pure gold has a distinct yellow hue. Any discolouration or unusual colouring might indicate impurities or a lower gold content.

In determining gold purity, employing various methods ensures a thorough assessment. Hallmark inspection offers initial clues through certified stamps like 24K or 18K, indicating the gold's purity level. Professional testing, utilising specialised tools and expertise, provides precise outcomes essential for valuable pieces. Gold testing kits serve as convenient home-based solutions, while the magnet test and physical inspection offer supplementary indicators, albeit not definitive.


However, for assured accuracy, relying on professional assessments from certified experts remains the most reliable avenue to ensure the authenticity and purity of gold. Whether in jewellery or as an investment, these measures collectively empower informed decisions, safeguarding against potential discrepancies in gold purity assessments.


Before you pledge your gold, know your options. Check your gold loan eligibility and choose the right amount and tenure.

Show More
Show Less

How gold purity affects gold loan amounts

The purity of gold plays a significant role in determining the loan amount when applying for a gold loan. Lenders evaluate the purity of the gold you pledge, typically accepting gold with a purity of 18k or higher. The higher the gold purity, the higher the loan amount you are likely to receive since purer gold holds more value. Lenders like Bajaj Finserv Gold Loan calculate the loan based on the market value of the gold and its weight.
 

  • gold purity matters when applying for a gold loan

    When applying for a gold loan, gold purity is a crucial factor. Lenders assess the purity of the gold to determine its market value, and in turn, the loan amount you are eligible for. Higher purity gold, such as 22k or 24k, can secure a larger loan, as purer gold carries more financial weight. Lower purity gold, on the other hand, may result in a reduced loan amount. Therefore, ensuring high-purity gold will help you secure a more substantial loan, protecting your financial interests.


  • Gold purity test for accurate gold loan valuation

    For an accurate gold loan valuation, lenders perform a thorough gold purity test. The purity level directly influences the loan amount, as higher purity gold (like 22k or 24k) fetches a higher value per gram. This purity is evaluated using tools such as karat meters. Once the purity is confirmed, lenders use it to determine the gold loan value per gram. You can calculate potential loan amounts by using tools like the Bajaj Finserv Gold Loan Calculator to get an estimate based on your gold’s purity. 


Ready to unlock the value of your gold? Apply for Bajaj Finserv Gold Loan today.

Show More
Show Less

Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.