pure gold

pure gold

It is also known as (pure gold), which is gold that is extracted directly from its source, and purified from any metals or other elements that may be present within its components. Gold is generally known as a type of precious metal, and is scientifically symbolized by the symbol (Au).

People have known it since ancient times, and it is considered one of the metals that is not affected by weather changes or weather factors, and it does not dissolve when exposed to concentrated acids, but it dissolves in acids mixed together, and most metals do not affect it, except for mercury.

The importance of pure gold

Gold is of great importance to people due to its high value, its distinctive color, and its uses. It was used in the past as a means of commercial exchange, for payment and purchase. When methods of melting it and reshaping it were discovered, coins were made from it. It was also used for decoration and the manufacture of various jewelry, with the addition of a group Among its other minerals, such as: diamonds and silver.

Gold is considered one of the easiest financial trading tools, as it can be bought from one place and sold in another. It is used in economic analysis to measure gold reserves compared to currencies. Therefore, it is one of the means that contribute to preserving the local economy of all countries, especially in the event of a loss. The value of its currency.

Types of pure gold

Gold has a group of types that are traded and known worldwide, including:

• Ordinary gold: It is the most common type and traded among people, and is used in the manufacture of all kinds of jewelry.
• Yellow gold: It is of lower quality and price than the previous type of gold.
• Gold bullion: These are metal pieces of pure gold, usually made in the shape of rectangles, of different sizes.

Pure gold trade

It is one of the types of trade known in the past, and the people who deal with it are called gold merchants. This commercial sector is witnessing continuous development in all local and international markets due to the almost constantly rising value of gold. In order for the merchant to succeed in gold trading, he must adhere to the following instructions:

• The presence of sufficient capital, in excess of the merchant's need.
• Complete knowledge of gold and its types.
• Make sure to follow the financial markets constantly.
• Study the financial market of the country in which the trader will start his business.
• Determine the types of gold that will be the beginning of the trader's trade.
• Measure the degree of competition with other gold traders.

Measurement of pure gold

Gold and all products related to it are measured on the carat scale, and the most famous international gold measurements are:

• 24 carat: It is pure, completely pure gold. No other metals are used in its manufacture, but 0.01% of copper is added to it so that it does not break or change its shape.
• 22 karat: It is gold that is less pure than the previous type, and contains approximately 91% gold.
• 21 karat: It is the type of gold that is mixed with other metals, especially copper, a little silver, and palladium, and it contains 87.5% gold.
• 18 karat: It is the type of gold that is mixed with more percentages than silver and copper, and contains approximately 75% gold.