96.5% and 99.99% gold are both gold, but they are more durable and have different prices. But how are they different? Yologreennews will help you find out. 96.5% and 99.99% gold are different in terms of the purity of the gold.
Characteristics of 96.5% gold
Normally, 96.5% gold is the gold standard of Thailand. Pure gold is 96.5% and the other 3.5% is other components such as silver and copper ore or other metals. It is stronger and more durable than 99.99% gold, so it is popularly used to produce gold bars and gold jewelry such as gold necklaces, bracelets, gold rings and gold pendants. The price of 96.5% gold is cheaper than 99.99% gold both when buying and selling. You can check the gold price at the “Gold Traders Association”.
Characteristics of 99.99% Gold
99.99% gold is mostly the standard for gold prices abroad. It will contain 99.99% pure gold. The remaining 0.1% is other components. 99.99% gold is very soft and is not very popular for making gold jewelry. It is mostly made into gold bars or specially made gold. It is usually sold by the kilogram and can be sold worldwide. If it can be sold, the price will be very low. If you want to sell it abroad, it is recommended that it be a brand that is known abroad.
If the percentage of gold is lower than 96.5% and 99.99%, some shops may not buy it at all. When selling gold jewelry, according to the announcement of the Consumer Protection Board, if you buy and sell it back to the same shop, the price of buying back gold bars must not exceed 5%. However, if you sell gold to a shop that you did not buy it from, you may be deducted more than 5%. Simply put, buying gold from somewhere and selling it back may result in a small or almost no deduction.
Buying gold necklaces, bracelets, etc. may be sold at a price lower than the association’s announcement, even if the qualifications are complete, because some necklaces are difficult to shape and require a lot of gold solder to help the gold adhere easily.
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