Gold rate in Silchar

Silchar is located around 343 Kilometers (KM) from Guwahati- the capital city of Assam. It is a city known for flavored tea and various agricultural products like cane and bamboo. Though the city is mostly engaged in agricultural activities, their love for Gold is as good as any other place in India. 

The people avail of all sorts of investment options, mainly real estate, bank/post office deposits, share markets, and Gold. Gold is a popular metal among the people, and they mostly purchase it as a form of ornament and investment. Read on to learn more about gold rates in Silchar and how to invest.

Why Does The Gold Price In Silchar Keep Changing?

Gold is a precious metal that has long been seen as a safe haven for investors during times of economic uncertainty. However, a number of factors have been associated with the price of Gold, and it can change from day to day. 

Effect Of Import Duty

Gold is always in demand, so to compensate for their demand, India imports Gold which consequently affects their prices.

Inflation

The price of Gold is also affected by currency fluctuations. But it is important to remember that the price of Gold is not directly dependent on the inflation rate. Instead, when any currency value is down, that time, Gold value increases. 

Demand And Supply

As with any other asset, the price of Gold is driven by supply and demand. When more people are interested in buying it, the price will rise. In addition, the demand for Gold can increase due to economic, social, or political reasons.

Various Methods Of Testing Gold Purity In Silchar

If you are curious about the purity of gold, there are a number of different ways you can find out. Most methods require the use of special equipment, but some are quite simple to perform at home. 

Using Stone Assay

The easiest way to test gold is by using a stone assay. This test uses a very fine, grained, dark-colored touchstone. It works by drawing the metal across the stone. 

Pros

Simple to use

Cons

Don't provide accurate results sometimes

Using Fire Assay

You can also use the fire assay. This technique is quite hard, but it is very effective at determining the purity of gold. Depending on the karat of the gold you are testing, it can either be a useful tool or an inaccurate one.
Pros

Provide more accurate results
Cons

Dangerous as it can affect the gold texture or can damage it.

Test with X-RF machine

An X-RF machine is another non-destructive method of assessing the purity of gold. X-Ray fluorescence is a secondary X-Ray emission, and it is used to analyze the chemical composition of metals. All gold hallmarking centers in India use this technique to determine the purity of gold.
Pros

Quick, easy & accurate

Cons

Highly expensive

Difference Between 22K And 24 K Gold In Silchar

The most important difference between 22K and 24K is that the former has a larger content of gold. While both golds have a yellow color, the latter has a brighter hue.

Because of this, it is ideal for jewellery. That is why you'll often see 24K Gold used for earrings and necklaces. In contrast, 22K Gold is usually used for wedding bands.

A 22K Gold coin will be heavier than a 24K Gold coin. The karat is measured on a scale from 0 to 24. The lower karats are less dense than, the higher ones. 

22 Karats Vs. 24 Karats Gold - Which To Buy?

Many people wonder what the difference is between 22K and 24K Gold. These two types of metal are commonly used for jewelry items. They are not the only forms of gold, however. 
Generally, the higher the karat, the more pure the gold. 24K gold contains 99.9% of pure gold. Other forms of gold are mixed with alloys to make them stronger and harder. 
24 K is not a type of gold you will want to buy for daily wear as it is soft and breaks easily. Also, it is not as durable as 22K gold. Plus, it is more expensive. If you're planning on buying gold for investment purposes, it might be a better idea to go for a 22K piece.
Whether you're buying 24K gold or 22K gold, you'll find that you get the best value when you buy it from a reputable jeweller. 
When it comes to deciding between the two, it's definitely worth considering which one will be the most durable. Despite its durability, it's worth remembering that Gold is a brittle metal. You don't want to risk getting your Gold jewelry bent or scratched.