Gold has been the first choice of people since ancient times, from weddings to festivals, people wear gold on every occasion to enhance their beauty. People also like to give and receive gold as gifts. At the same time, when it comes to investment, most people prefer to invest in gold only. There are many options for investing in gold. You can invest in gold bonds and physical gold. But do you know which one is better for investment between 22 carat and 24 carat gold? So today we will tell you which gold can give you better returns.
What is 22 carat or 24 carat?
Just as liters are used to measure liquids, carats are used to measure gold. This shows how pure the gold is. 24 carat gold is considered pure and contains 99.9 percent gold in pure form. The purer the gold is, the higher its carat value. Generally 24, 22, 18 and 14 carat gold is more popular.
Except for 24K gold, all other metals contain copper or silver. This is done so that the jewelery becomes stronger. BIS Hallmarking certifies the quality of gold. So that its carat can be known. Therefore, we should buy only hallmarked gold.
Which gold is good for investment?
The thing to keep in mind is which type of gold is better for investment. The higher the purity of gold, the higher its value. Therefore, the price of pure 24 carat gold today is likely to increase significantly over time, which can lead to higher returns on it. 22k gold is not bad for investment but 24k gold is better for investment.
What is good for jewelry?
Jewelery made to be worn is not made in 24 carats. At that time gold is very soft. So metals like nickel, copper, silver are found in it. 24 karat gold is usually brighter.
