Gold Price Hikes Due to Global Economic Trends

The purity of gold is measured in karats, and it depends on its intended use. For investment, the purest form is 24K, which contains 99.9% gold. However, this is too soft for jewelry-making.

On the other hand, traditional Indian jewelry often uses 22K gold, which is alloyed with other metals to increase durability. The karat value determines the actual gold content, and different colors like yellow, white, and rose gold differ only in the metals used for alloying.

The daily gold rate online serves as a benchmark, but the final showroom price will be higher due to making charges and 3% GST. The authenticity of gold jewelry can be verified by checking for the BIS logo, purity grade, and HUID code on the BIS Care app.