Today, Dhanteras festival is being celebrated across the country and preparations are completed in the markets. On the day of Dhanteras, celebrated before Diwali, the festival of lights, people buy gold in large quantities. Demand for gold has grown strongly, and gold prices have risen accordingly. Speaking of which, gold prices are very high and at this time, if you are planning to buy gold in Dhanteras, then be sure to know the special tips for identifying the right gold. Let us learn how to identify real gold…
How much is 10 grams of 24 karat gold?
Buying gold in Dhanteras is considered auspicious. Gold is believed to be an image of Goddess Lakshmi and this yellow metal is said to be her symbol. Dhanteras is the worship of Lakshmi, the goddess of wealth, and Kuberji, the god of wealth, and it is believed that buying gold on this day will bring prosperity to your family throughout the year. Currently, buying gold is one of the most expensive transactions. Talking about the prices, the gold rate (Gold Rate) on MCX is running at Rs 78,536 per 10 grams, while in the domestic market, according to the IBJA website, the gold rate (24 carat 10 grams gold) is running at Rs 78,250.
Ratios of other qualities of gold (according to IBJA)
22 carats Rs 76,370/10g
20 carats Rs 69,640/10g
18 carats Rs 63,380/10g
14 carat Rs 50,470/10g
It is worth noting that these gold rates given on the Indian Bullion and Jewelers Association website are separate from the 3% GST and production charges. By adding these, their price may increase. Now the special thing is that if you are planning to buy gold in Dhanteras then it is very important to identify whether the gold jewelry is real or fake in the store. There are also many cases of fake gold being sold. In this case, you need to check it before buying it with your hard-earned money.
Use of BIS Care App
To identify the purity and authenticity of gold, the first thing to pay attention to is whether there are marks on the gold jewelry you buy. Yes, this mark is proof of gold purity. You can know all the details, including the quality of the jewelry you buy, through the BIS Care app. To do this, after downloading this application on your phone and opening it, you must enter the 6-digit hallmark number on the jewelry and all the information will be provided to you immediately.
Magnets can also be used to identify authenticity
We’ve already talked about the digital identification of gold, now let’s look at an age-old method where you can use a magnet to confirm the purity of the gold you’re buying. The principle is simple, in fact all you have to do is touch the gold you purchased to the magnet. If the gold sticks to the magnet, then it is not real, and if the gold does not stick to the magnet when it is stuck to the magnet, then it is real gold.
It can also be easily identified by vinegar
Now coming to the third method of identifying gold, you can easily identify the purity of gold with the help of vinegar used in the kitchen. To do this, put a few drops of vinegar on the gold jewelry you purchased and observe it carefully for a few minutes. If you notice any change in the color of the gold jewelry in your hand, then you can assume that the gold is not real. And if the color of the gold does not change, then in this case your gold is real gold.
This is how to identify purity
Here we tell you that most of the time only 22 carats are used to make jewelry. Some people also use 18-karat gold. The Hall mark is engraved on jewelry based on the carat number. 24 carat gold jewelry has 999 written on it, 23 carat gold jewelry has 958 written on it, 22 carat gold jewelry has 916 written on it, 21 carat gold jewelry has 875 written on it, and 18 carat gold jewelry has 750 written on it.
