The five-day Diwali festival hass begun with Dhanteras – also known as Dhanatrayodashi or Dhanvantari Trayodashi, on October 17, 2017. 

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On this day, jewellers usually see massive rise in demand for yellow metal every year either in the form of jewellery or coins. Considering this, here's a list of things that you need to remember while purchasing the yellow metal.

Know the Purity of Gold:

Purity of gold is denoted in karats – with 24 karat gold being 99.9% pure and 22 karat gold being 92% pure. 

Each karat of gold is equivalent to 4.2% pure gold, which means that 14 and 18 karat contains only 58.33% and 75% pure gold, respectively.

24 karat gold is not suited to make jewellery, which is why jewellers use either 14, 18 or 22 karat gold. 

Making charges:

Current gold rates usually include making charges - so it is important to insist on fixed making charges otherwise one can be fooled by jewellers in paying higher making charges. 

Gold jewellery prices can be calculated by Gold price per gm)* (Weight in gm) + (Making charges)*(Weight in gm) + GST. 

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