Should I buy a 24k gold bar or 22k gold bar for making jewelry?
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Hi I am planning to buy some gold. Not as a purpose of investment , but for future use of making jwellery. So which is good one to buy? 22 Karat gold bars or 24 Karat gold bars. And is it good to buy in a jwellery shop or in Bank. My basic Idea is to give the bar to a jwel maker and ask him to do a customized design jwellery. But I want to be safe in case of quality and profit also.
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Answer:
It really doesn't matter if you purchase 22K or 24K. You will end up paying for the karatage. For eg. If you decide to purchase 24K gold then you pay the (Weight of Gold) x (Gold Rate) and if you decide to buy 22K gold then you pay (Weight of Gold) x 91.6% x (Gold Rate). I would suggest you purchase 24K gold as it's easy to liquidate in case of emergency and there is no confusion of purity if you exchange it for jewellery. You may purchase gold with either jeweller or bank. Doesn't really make any difference as long it's hallmarked or a certificate of purity is given with the Gold. Incase you want to customise your jewellery in future, you can also visit http://www.gehnaindia.com as specialise in custom and bespoke jewellery. Hope this helps. :)
Vineeth Samdaria at Quora Visit the source
Other answers
24k gold is 99.99% pure, and the coins made from it weigh precisely 1 troy ounce.22k gold is approximately 91.67% pure, with the remainder composed of other precious or semi-precious metals. These coins weigh about 1.1 troy ounces, ensuring the presence of a full troy ounce of gold in every coin.The added metals in 22k products make them far more durable than pure 24k gold, which is a notoriously soft and pliable metal. Investors who plan on trading or handling their coins more often might find this durability more valuable.However, some countries have higher import taxes on lower-purity gold coins. In many cases, a 24k gold coin will be easier to ship and move internationally than a 22k coin. This is an important consideration for our international customers or anyone planning to ship or store their wealth outside of the United States.Sometimes the choice between 22k and 24k simply comes down to the aesthetics of the product itself, as each of the popular coins has its own unique look and feel.Sooo, the choice is up to you (depends of your needs)Also you can take a look on amazon for design ideas or cheaper alternatives like:http://www.amazon.com/Sapphire-Teardrop-Swarovski-Small-Goby/dp/B00G1RV00A%3FSubscriptionId%3DAKIAJ4QN22BPEYEQONBQ%26tag%3Dbirtgift09e-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB00G1RV00A2. http://www.amazon.com/Engraved-Necklace-Austrian-Jewelry-Beautiful/dp/B00VHTT9X2%3Fpsc%3D1%26SubscriptionId%3DAKIAJ4QN22BPEYEQONBQ%26tag%3Dbirtgift09e-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB00VHTT9X2I hope this was helpfulCheers
William Jacobs
Personally, I would have a chat with your preferred casting company who will have experience in both purchasing and storing the stuff and come to a arrangement.
Mark Clarke
Hi suriyanarayan Divakarn,i suggest with my Best knowledge 24 karat gold is best for buy because its 100% pure and guaranteed Pure gold and you can use this gold to make any type of jewellery and i also suggest you that you can buy this gold from Bank its bank is trust able place for this and 100% guratee of gold. if you want to customize your jewellery in future you can visit https://www.jewelsofjaipur.com . we are specialist in gold and Diamond jewellery.
Jewels
Some people want a gold ring to hold up during heavy construction. Gold, being a soft metal, does not hold up well in heavy use, unless it is mixed with a stronger metal like Tin or other durable metal. This is the reason there are many different karats for making rings. 10 kt is the strongest having more durable metals mixed in. 22 kt is very soft and would have trouble even keeping it's shape. Wedding rings are usually 14 kt to 18 kt because women do a different kind of work. So to answer your question, 10 kt, 14 kt and 18 kt would the best choices.
Bill Wade Spears
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