Diwali 2023: Types Of Gold You Can Buy In India This Festive Season

The festive season is in full swing across the country. Whether it's Durga Puja, Dhanteras, Diwali, or Bhai Dooj, the entire festive season is considered auspicious to buy a new home or car, start a business, and even buy gold. It's a no-brainer how deeply gold has been a part of most parts of our country's culture.

And as expected, there are various types of gold that you can buy, with the categorization mostly based on their purity. The purity of gold is measured in karats, with 24 karats being the purest form.

Common Types Of Gold Available In India

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Here are some common types of gold in India:

24 Karat Gold:

This is the purest form of gold available, consisting of 99.9% gold.

22 Karat Gold:

It contains 91.67% gold and is commonly used for making jewellery in India. The remaining percentage usually consists of other metals, such as copper or silver, to make the gold more durable.

18 Karat Gold:

This type of gold is 75% pure, making it less pure than 22-karat gold. It is often used for jewellery, balancing purity with durability.

14 Karat Gold:

With 58.33% pure gold, 14-karat gold is widely used for both jewellery and other applications, offering a good balance between durability and gold content.

Gold Coins And Bars:

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Investors often prefer to buy gold in the form of coins or bars. These can vary in purity, with some being 24 karats, and they serve as a tangible form of investment.

Also Read: How Gold Jewellery Price Is Calculated In India?

How Do You Invest In Gold?

Naturally, the physical form of jewellery is the most common picture that our mind creates when it comes to investing in gold, right? But have you ever attempted to explore the ¡®not-so-known¡¯ ways of purchasing or investing in gold, besides the age-old way of having it as jewellery? Click here to find out.

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