Gold jewelries: a complete guide to buying gold
Recently, there has been constant soar in the demand for gold in Chennai. Though it sounds
weird at a time of pandemic as the COVID-19, this holds true as per data and reports. And
that too in particular, people are eyeing on jewelries more than gold in its bullion form.
Do you know what bullions are? Bullions are unprocessed forms of gold or silver that are
usually available as coins or bars.
And at this juncture, it becomes imperative for one to learn the gold rate in Chennai,
because as aforementioned, you don't want gold in its purest 24 Karats form rather want it
in 22 Karats. This obviously invites the need for checking gold rates in Chennai more
Choose between 22 Karats and 24 Karats
There is often a misconception that gold has to be purchased in its 24 Karat form only as it
is the purest. Well, practically, it doesn't work that way as your gold jewelries can't depend
solely on the yellow metal, but comes with a mix of other metals like copper in the 22 Karat
24 Karat gold?
To put it in simple words, this form of gold has all its 24 parts made of gold without the use
or trace of any other metal. The purity of this form of gold is said to be 99.9 percent and
hence gold bullions of 24 Karat are deep yellow in shade. This is notably the superior form
of gold globally. Well, it is imperative to comprehend with this fact as there are bogus sales
boasting of 25K or 26K gold as well.
Gold in this form is of quite lesser density which makes it very soft and not suitable for
making jewelry pieces. Rather, the 24 Karat gold is much preferred in the use of medical
devices for the use of Gold Tympanostomy Tubes.
To note, Tympanostomy Tube is a medical device used on children that suffer ear infections.
Now that you understand the use of 24K gold, you obviously get the need for 22K gold
which is of prime importance in crafting your eye-catching jewelries. These are golds
carrying a mix of pure gold plus other metals. They carry almost 92 percent of pure gold
with the rest being other metals including Zinc, Silver, Nickel, and other alloys.
Comparatively, this form of gold is harder than 24 Karat counterpart.
An additional note on 18K gold
Unlike either of the above types of gold, in the 18K gold, the percentage of gold is just 75
percent whereas the rest is comprised of copper or silver. Considering its color, it looks a little
dull and simple.
Understanding the shades of gold
As far as gold in its purest 24K form is considered, it has the warmest shade of gold as its
nature remains unaltered. And depending on the type of alloy used along with gold, its
color keeps changing to different shades. When copper is added, it turns pink or rose into
color which is called the rose gold. With the addition of zinc or silver to gold, it turns green
gold and as you add Nickel or Palladium, it turns into White Gold.
A deeper hint on gold quality
Before you start searching for Chennai gold rate as you have perhaps ideated to buy an
ornament, you have to understand the quality of gold and the different kinds of gold
jewelries. You basically get two different kinds of these jewels: gold plated and gold filled.
As the name suggests, gold plated jewelries are those made of other alloys or metals and
finally dipped in gold so that it appears to be gold, but it is actually not so. This is much in
demand as the gold rate in Chennai is skyrocketing. Furthermore, there is no stringent
rules and conditions to sell these plated jewelries. Above all, these are budget-friendly
options that even lower middle class people could afford to.
The other one is the gold filled jewelries which is mostly of 22 Karat purity. This comprises
of 90+ percentage of gold and the rest is made of alloys. Investing your money in gold filled
jewelries is one of the wisest methods of investing as its value will only appreciate and
How to find the best gold rate in Chennai? Some simple tips:
Now that you have decided to buy gold jewelry for yourself for your loved ones, it is
imperative for you to decide on the seller. The gold jeweler should be reputed and most
trustworthy so that you don't get cheated in anyway. This is where branding and
popularity comes to the first place. A gold jewelry brand that is much trusted by many
people and well recognized through advertisements is sought after in the first place.
Alternatively, you may go ahead with individual sellers for the main reason being lesser
price. In fact, you will have the option of customizing any jewelry design as you wish.
In either of the scenarios, you basically need to be aware of Chennai gold rate so that you
don't get cheated by any kind of increase in price or mismatch in tax percentage.
An extra tip - it is always suggested that you compare gold rate among jewelers before
zeroing in on one. This is much stressed because exchange or reselling of gold is a huge
How to ensure quality of gold?
There is no point is merely understanding how gold quality is measured. You need to go a
step further to reassure the same with hallmarks on the jewelry you buy.
Plain Vs studded jewelry
A lot of enthusiastic investors are left skeptical whether to make their investments in gold
or not. As the market is predominantly fluctuating, there arises the confusion of buying
gold jewelry. And once you have decided to invest in gold jewelry, it is important that you
decide to buy plain gold jewelry than to get studded ones. In other words, when you prefer
to buy gold for investment purpose, it is ideal that you buy it in its plain form as you will
not incur unnecessary loss in future when you plan to resell the jewelry.
Tips to buy gold at the best rate
There are a few ways that you can follow so that you can buy gold in its best rate. As the
rates are constantly changing, and with COVID-19 being one of the reasons for the
uncertainty in scenarios, it is inescapable for potential buyers to be aware of the gold rate
and the market happenings.
First of all, you need to understand that the gold rate in Chennai is predominately decided
based on changes in rates of US dollars, cost of import, interest rate fixed by banks, and a
number of other criteria.
Furthermore, there is changes in Chennai gold rate with that of other cities. This difference
is because of the changes in taxes, amount of gold purchased, gold association in the
respective state, etc.
The next in the list is your awareness about gold rate in Chennai. If you want to buy gold in
the best price without shelling out extra, you have to concentrate and keep an eye on the
changing rates. There are a number of online portals and websites where you can check for
Today gold rate, or gold rate in Chennai today, or gold rate today in Chennai. When you
enter these texts in the search bar, you will end up with a number of results.
Look for the first few results that looks legitimate and authentic. There are several online
portals that keep updating gold rates every single day. The website called livechennai.com
is one of the best websites to check real-time gold rates.
Besides updating the rates of gold, they also tend to update the present day rates of silver
and other metals, plus tat of vegetables, fruits and a myriad of other rate cards so that it
provides end-to-end assistance for people living in Chennai city.
Have an eye on the changing rates of gold in Chennai city. As you find the gold rate hitting a
massive low, you can plan for purchasing gold on the exact same day and save a lot on your
This is your best way to save money and be smart in buying gold jewelry.
As you have now understood the nuances in buying gold jewelry including all its intricate
details such as the purity of gold, the best way to buy gold, the ideal form of gold to buy
when it is for investment purpose and the smart way to keep track of gold rate and buy