Buzz
Certainly, those who are not in the jewelry industry may find it difficult to know the concept of what our gold is, how our gold price is today? The following article, Mytour will clarify for you.
Our Gold and Important Information
1. What is Our Gold?
Our gold is a metal with a yellow color, coming in two basic forms: solid and pure 100% gold powder, which has a pink, purple, or black hue when finely cut. Gold's characteristic is its softness and malleability. In fact, just 1g of gold can be hammered into a 1m2 sheet. To make it harder, pure 100% gold is often combined with other metals. This is the common term people use to distinguish it from Western gold.
With excellent thermal and electrical conductivity, gold is unaffected by air, chemicals, and surfaces due to oxygen, moisture, heat, making it suitable for creating jewelry such as necklaces, rings, or metal coins.
Due to its high ductility and softness, gold is often combined with alloys to increase its hardness during processing. Our gold combined with alloys is commonly used in the metal coin manufacturing and jewelry industry.
2. Classifying Our Gold
In today's gold market, our gold is very diverse, including 4 types such as 10K gold, 14K gold, 18K gold, and 24K gold.
Here, K stands for Karat - the unit of measuring the purity of gold, meaning the gold content in jewelry products. The higher the K number, the higher the gold content in the jewelry, with the limit being 24K. Therefore, 24K gold is considered pure gold.
The percentage in our gold is: K/24x100%. For example, 10K gold means 10/24 x 100% = 42%. In 10K gold, there is only 41% pure gold.
3. Age of Our Gold
The age of our gold is determined by the percentage of pure gold in its weight, meaning the proportion of pure gold in that gold will be considered the age of our gold.
- 10K gold has a pure gold ratio of 41%, meaning it has an age of 4 years
- 14K gold has a pure gold ratio of 58%, meaning it has an age of 6 years
- 18K gold has a pure gold ratio of 75%, meaning it has an age of 7.5 years
- 22K gold has a pure gold ratio of 91.6%, meaning it has an age of 9 years
- 24K gold has a pure gold ratio of 99.9%, meaning it has an age of 10 years
4. Applications of Our Gold
Depending on each type of our gold, people use them differently. For 24K gold, it is pure gold so it is too soft, therefore they are often hardened by combining with metals such as silver, copper to create alloys. Our gold and alloys are commonly used to manufacture metal coins or jewelry.
Meanwhile, 10K, 14K, 18K, and 22K gold have been mixed with metals so they have better durability and hardness. These types of gold are suitable for making diverse jewelry models, with high aesthetics and reasonable prices. With 10K gold, the metal ratio is higher so they are more durable than other types of gold, suitable for high-tech jewelry. However, 14K our gold has higher value. Therefore, depending on the purpose of use, you can choose the appropriate gold.
5. Today's Our Gold Price
The price of gold fluctuates every day, so you should regularly update gold prices to know the current gold price.
Gold Buying and Selling Price Table
According to the table above, we can observe:
- 24K women's jewelry gold has a buying price of 35.95 million dong per tael
- 24K women's jewelry gold has a selling price of 36.55 million dong per tael
- 10K women's jewelry gold has a buying price of 13.993 million dong per tael
- 10K women's jewelry gold has a selling price of 15.393 million dong per tael
Understanding the basic information about our gold and today's gold price will help you decide whether to buy or sell gold to make a profit.
