There are two types of gold traded in India, i.e, 24K and 22K. The first one is considered the purest form of gold with a purity of 99.99 per cent. It is too soft to be moulded into jewellery.
24-carat gold is more expensive than 22 carats and 18-carat gold as it is the purest form of gold. 24K gold is used for making gold coins, bars, etc. 22K gold is made for making jewellery, while ...