Gold has been a fascinator since time immemorial and not without reason. Whether it is the shine, or the feel, or the value, Gold is the king of commodities and is also an inflation beater. Over the centuries, Gold has gained so much importance not just as a hedge against inflation but also as a metal that has gained tremendous cultural and social significance.
But like everything else these days, you have to be really-really sure that you are getting what you paid for meaning that you should be able to say with 100% surety that if you paid for 99.5% (the highest possible industrial standard for purity for Gold) pure Gold then you are getting the 99.5% purity. So how can you be sure?
In this blog we are going to discuss some basic procedures that can help you determine and be sure about the purity of the Gold metal that you are buying. Following are some of the most common procedures to test the purity of Gold:
1. BIS Certification: Any gold ornament or any Gold bullion that you buy should have the BIS certification stamped on it at a difficult to see place and it should also list the purity of the metal.
2. The Nitric Acid Test: Put a small scratch on your Gold and put a drop of Nitric Acid in that gap. If the Gold turns green or milky then your Gold is not pure.
3. Law of Attraction: If the Gold is fake, it will be attracted to the magnet.
4. The Density Test: As Gold has a higher density than water, the real Gold will sink in it whereas the fake Gold will keep floating.
5. The Touch Test: If after getting your skin in touch with the Gold your skin gets a discoloration then the Gold is not the pure Gold
The views expressed in this blog are those of the author and may not reflect those of Jindal Bullion Limited. The author has made every effort to ensure accuracy of information provided; however, neither Jindal Bullion Limited nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Jindal Bullion Limited and the author of this article do not accept culpability for losses and/or damages arising from the use of this publication.