Gold rate in Sonipat

Sonipat, also called the "Sonepat," is a city in east-central Haryana, located just 28 km away from Delhi. Sonipat has immense historical and mythological significance. Historians believe the early Aryans settled here around 1500 BCE. The place is mentioned as Shonaprastha in the Indian epic, Mahabharata. Proximity to Delhi and easy availability of raw products through Delhi have helped Sonipat flourish as an industrially developed place. 

People in Sonipat buy physical gold as jewellery to wear or gift during weddings. Buying gold is considered auspicious during Diwali, Akshaya Tritiya, and other festivals. Many people invest in physical gold alternatives (digital gold, gold Exchange Traded Funds, sovereign gold bonds, etc.) or buy gold coins/bars/biscuits/ornaments. This is mostly done to hedge their risk against political/economic uncertainty.  

So, do you want to buy gold or invest in alternatives to physical gold in Sonipat? If yes, keep reading to know more about it. This will help you buy gold at the best price. 

Why Do Gold Rates for 24-karat and 22-karat Gold Differ?

In Sonipat, 24-karat gold is the purest form of gold available. It has 99.99% pure gold. No other metal is mixed with this. As 24-karat gold is considered pure gold, its price is higher than any other gold cartage. 

As pure gold is soft, malleable, and ductile, it is not usually used by jewellers to carve intricate jewellery designs. Artisans need harder forms of gold to create beautiful designs. 

Other metals are added to pure gold to make gold harder and more suitable for intricate jewellery designs. 22-karat gold is the most popular gold cartage among gold jewellers and artisans. It consists of 91.67% pure gold and 8.33% other metals (which may include silver, zinc, copper, nickel, or others). By mixing other metals with pure gold, the 22-karat gold becomes harder than 24-karat gold. Most of the jewellery you find in Sonipat jewellery showrooms is created from 22-karat gold.

Besides 24K and 22K, other hallmarked cartridges found in India are:

• 20K gold: It has 83.3% pure gold
• 18-karat gold: It has 75% pure gold
• 14-karat gold: It has 58.3% pure gold
• 10-karat gold: It has 41.7% pure gold

Understanding 916 Hallmarked Gold in Sonipat

Have you ever stumbled upon the term “916 Hallmarked Gold” or “916 purity?” If yes, this section will answer your query. 916 gold refers to 22-karat hallmarked gold. It has 91.67% pure gold. That’s why jewellery with 22-karat hallmarked gold is marked 22K916 in Sonipat. To get the best quality gold in your ornament or coins/biscuits/bars in Sonipat, always check 916 hallmarking, the BIS logo, and the year of making on your gold item.

Caution to Exercise While Buying Gold in Sonipat

When you are buying gold in Sonipat, you should check four things in your gold ornaments, biscuits, bars, or coins. They are the Bureau of Indian Standards (BIS) mark, the number or mark of the centre that assayed or hallmarked your gold jewellery, karat and fineness purity, and the identification mark of the jeweller in Sonipat. 

You can be sure of your 22-karat gold item’s purity and quality if all these four things are there on your jewellery.