Gold rate in Ujjain

Ujjain, also called the "Greenwich of India," is an important city in Madhya Pradesh. You'll find numerous temples (belonging to different eras) in Ujjain. That's why it is also called the "Temple City". The Kumbha Mela is organised in Ujjain every 12 years. You will find the famous Mahakaleshwar Jyotirlinga temple in the city centre. Ujjain is known for its services sector, spiritual tourism, agriculture, and small-scale industries. It is currently being developed as a smart city.

People in this city buy physical gold during wedding ceremonies and auspicious occasions like Akshaya Tritiya, Diwali, Dhanteras, etc. However, investors in Ujjain also prefer to invest in alternatives to physical gold, such as gold exchange-traded funds (ETFs), digital gold, gold mutual funds and sovereign gold bonds (SGBs). This is mainly because gold preserves wealth, especially during times of economic or political uncertainty.

If you want to buy gold in Ujjain, you should track its price trends. It will help you get the best deal. Continue reading to learn the per-gram price of gold (as per purity levels) and other aspects related to the gold rate in Ujjain.

24K vs 22K Gold: A Quick Comparison

24-karat gold is the purest form of gold available in Ujjain. It has a purity of 99.99%, and traces of no other metal can be found in it. Since it is the highest purity level, its price is also higher than other purity levels of gold.

22-karat gold has 91.67% pure gold. The remaining 8.33% contains metals such as zinc and copper. These metals are combined with pure gold to make it harder, allowing gold artisans to create intricate designs of ornaments. Most of the ornaments in Ujjain jewellery stores are 22-karat gold.

There are various other gold purity levels available in Ujjain:

• 20-karat gold has 83.3% pure gold.
• 18-karat gold has 75% pure gold.
• 14-karat gold has 58.5% pure gold.
• 10-karat gold has 41.7% pure gold.

The most common metal mixed with gold is silver. Other metals such as copper, nickel, platinum, zinc, cadmium and iron are also incorporated to craft these different gold types.

Understanding 916 Hallmarked Gold in Ujjain

You often find 916 hallmarked gold items when you visit jewellery showrooms in Ujjain. What does that mean? It means that the ornament is made of 22-karat gold, which is also known as 916 gold (owing to its purity of 91.6%). Gold assaying and hallmarking are carried out in India by the Bureau of Indian Standards (BIS).

The next time you visit a jewellery showroom in Ujjain, check the following to know that you are getting the best quality 22-karat gold:

• 916 hallmarking
• Year of Making
• BIS logo
• Identification mark or number of the jeweller

5 Interesting Facts on Gold in Ujjain

Fact #1: Naturally Yellow

Gold is the only known metal on earth, having yellow as its natural colour. If you see any other metal having a yellowish colour, it means that the metal has been oxidised with other chemicals.  

Fact #2: Extreme Ductility

Pure gold is a soft metal and highly ductile. You can stretch 1 ounce (28 grams) of gold into a 5-mile (8 km) long gold thread. The high ductility of pure gold allows the creation of gold threads used for embroidery.

Fact #3: Most Malleable Element in the Periodic Chart

Malleability is a property that helps to measure how easily a metal can be hammered into a thin sheet. Gold is so malleable that 1 ounce (28 grams) of gold can be hammered to create a 300 sq. ft. sheet of gold. 

Fact #4: Transparency and Greenish Blue Colour

You can also create gold sheets that are so thin that they become transparent. If you look at a very thin sheet of gold, it may appear to have a greenish-blue colour. This happens because pure gold reflects two colours strongly, and these colours are yellow and red.

Fact #5: Wide Array of Usage 

Pure gold is used in various applications other than a symbolic and monetary value, such as:

• Electronics
• Electrical wiring
• Dentistry
• Medicine
• Radiation shielding
• Colouring glass, and many more