The Different Types Of Gold
The smartest investment in the jewellery industry is gold. With inflation and unpredictable rises and falls in the markets, gold is one sturdy protection against these uncertainties.
In this entry, we will be sharing about the different types of gold you will find at most jewellery shops in Singapore to help you make better decisions if you ever decide to make a purchase.
What is 999 gold?
999 gold, also known as 24K gold or pure gold, is made of 99.9% of gold, making it the purest form of gold as no other metals are mixed with it. Pure gold does not rust or tarnish.
What is 916 gold?
916 gold , also known as 22K gold is commonly used for jewellery making in Singapore. It contains 91.6% of pure gold mixed with 8.4% of other metals.
What is 850 gold?
You probably guessed it, 850 gold or 20K gold is made of 85% of pure gold mixed with 15% of other metals.
What is 750 gold?
750 gold or 18k gold consists of 75% of pure gold mixed with 25% of other metals.
There's also the 14k gold and everything else lower than that which are mixed with more other metals that might cause problems for someone with sensitive skin or nickel allergy. These jewellery are hardy but not worth much when you sell them and they are more prone to tarnishing. However, you can be sure to get them at a lower price.
The purer the gold, the more resistant it is against tarnishing.
Tarnish occurs when other precious metals mixed with gold come in contact with air, sweat, lotions, perfumes, food, and harsh cleaning products therefore, the higher the purity of gold, the lesser other metals are mixed in and the more resistant it is against tarnishing, making it more durable. However, you will be able to have your tarnished gold plated to it's original condition by bringing it to an experienced jeweller. What is plating? We will answer that in another entry in future!
The purer the gold, the more expensive it is.
If you enter a gold shop or a jewellery shop in Singapore, you might see a sign stating the gold price per gram for 22K and 24K gold. You will notice that 24K gold is always slightly more expensive than 22K gold because 24K gold is purer than 22K gold.
Which brings us to the next commonly asked question:
Why buy 916 gold jewellery instead of 999 gold jewellery?
Gold is the most malleable of all known metals, therefore, a 999 gold jewellery is definitely more malleable as compared to a 916 or 850 or 750 gold jewellery. This means that a 999 gold ring might go out of shape much easier than a 916 or 850 ring. A 999 gold jewellery will also be much easily scratched as compared to a 916 gold jewellery.
For that reason, many people prefers to buy their jewellery in 916 gold. More so for those who intends to wear their gold jewellery on a day-to-day basis.
The purer the gold, the softer it is.
For jewellery pieces that requires setting of stones, many also prefer to have the jewellery made in 850 gold as it is harder than 916 gold and would be able to give their stones a better grip, lowering the chance of a missing stone in future. ( while we are at this, if you have a missing stone on a darling piece of jewellery, bring it to us or send us an enquiry with an image of your jewellery and let's see if we are able to have it replaced with a similar stone for you. )
Why sell 999 gold then?
It is without a doubt that 999 gold is softer and less durable than lower karat gold but when you sell or pawn a piece of gold jewellery, the purer it is, the more value it fetches.There are also certain jewellery designs that can only be achieved using 999 gold.
For those who only intends to wear their gold jewellery on special occasions, they can consider getting pure gold jewellery.
For those looking to buy gold for investment purposes only, go for the pure gold bars and/or coins.