Gold rate in Karur

Karur is a city in the state of Tamil Nadu, India. From a perspective of buying gold, Karur offers various options for residents to purchase physical gold, including bullion bars, coins, and jewelry, from multiple gold shops and jewelry stores in the city. In addition to physical gold, financial institutions in Karur also provide gold investment options such as gold savings accounts, gold ETFs, and gold bonds. With gold being widely recognized as a safe haven asset and its potential for appreciation, it is a popular investment choice for many individuals in Karur.

Some Interesting Facts About Gold

Gold is said to be the most prevalent metal in terms of purity. Check out some interesting facts about gold.

• Pure gold is very soft and can even be moulded into the desired shape.
• Gold is the first thing that comes to the Indian people’s minds when they have to gift something auspicious.
• Gold is found on all seven continents.
• Since gold is an inert metal, it doesn’t get affected by rust.
• Gold amalgamation is a form of treatment dentists give to their patients to fill in their teeth.
• Gold prices keep on fluctuating and are never constant.
• The Guinness Book of World Records says Vienna Philharmonic is the largest gold coin. 

Comparison Between 24K and 22K Gold

• A 24K gold, or 24 Karat gold, is 100% pure. It means it doesn’t have any metal mixed. 
• 22K gold is a bit impure as it contains 22 parts of itself, and the rest 2 are impurities. These include zinc, silver, nickel, and others.
• As 24K gold is soft, it can’t be used to make jewellery and ornaments.
• 22K gold has some impurities which make it durable. Hence, it is generally used to make ornaments. Dentists also use it for gold amalgamation procedures.
• 22K gold can’t be used in electronic devices due to its impurity. 24K gold, on the other hand, is the most suitable for these purposes. 
• As 24K gold is not durable but soft, it can’t be used for daily purposes. 22K gold is generally used for regular works.

Gold vs Other Investment Options

Fixed Deposits

Both Gold and FDs are popular forms of investments. However, there are some potential differences one needs to note. Dividends on FDs are fixed because they don’t fluctuate. Their rates are usually the same. But gold prices are generally variable. The reason is the rise and fall in their costs, of course. 

Real Estate

Again, real estate and gold are pretty popular in terms of investment. Both give good returns. Inflation can cause real estate to be intact. This doesn’t apply to gold as it gets affected. However, gold will be more fruitful than real estate due to its overgrowing preciousness. 

Equity

When it comes to nature, both gold and equities are variable. It means they both fluctuate. However, you must note that equities can beat inflationary periods and give you greater returns. But they also involve greater risk during market fluctuations. Here’s when gold comes to the rescue.

Hence, you can also invest in gold mutual funds, gold ETFs, and bonds for greater returns. Physical gold is also a great asset to invest in. Make sure you first check its purity through a registered third party.

How is the Purity of Gold Evaluated in Karur?

Gold purity in Karur is calculated in several ways, such as 

BIS Mark

The BIS Mark is the authority in India that marks gold with a logo to show purity in India. Hence, this logo is mandatory to check first. You need to see whether your gold jewellery contains this mark or not.

Jewelers Identification Mark

Before buying gold, also check for this mark. It is a sign of a genuine and authorised jeweller in India. In case of any chaos, this mark comes to the rescue.  

Karat

Not only the measuring unit, but gold is also one of the forms to check the purity of gold. The purest forms of gold are 24 Karats, then 22K and then come others. To check the percentage purity in a 22K gold, divide the karat value by 24. Multiply the result by 100. This will give you the exact measure of purity.