This article is a must-read for people who love to buy gold ornaments or buying gold for investment or exchanging gold ornaments or for taking a loan with gold as collateral.
Gold retreated to Rs 45000 / 10 grams after reaching an all-time high of Rs 56,191 in Aug 2020 mostly factoring in risks associated with huge stimulus packages that are announced Globally. In the last 3 years, Gold gave a return of about 16.7% CAGR returns in the last 3 years and 10% CAGR in the last 10 years which is phenomenal. The yellow metal is liked by all the women in South India and is also used for industrial purposes due to the conductivity.

What is KDM ?
When you are buying gold we hear the terms KDM, BIS Hallmark, 22 karat, 24 karat, 91.6 kdm hallmark, making charges, wastage charges, value addition etc. These are words commonly used by Gold/ Jewelry stores and it is important that you need to know these terms so that you feel secure about your purchase and not feel cheated post your purchase. Also, knowing these terms help you to bargain better.
Let us empower you with some basics
Purity of Gold
24 Karat Gold : 24 Karat Gold is the purest form of gold with 99.99% purity. This means there are no impurities whatsoever. Gold is commonly mixed with Copper,Silver for strength while making ornaments. The amount of gold vs added copper (or silver) defines the purity of gold and is measured with the term karat. Pure is gold is defined as 24 Karat. 24 Karat gold is generally available in coins and is the best form to hold in coins as jewellers will buy at 100% price of gold and you make most out of it.
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