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A very ductile and malleable, brilliant yellow precious metal that is resistant to air
And water corrosion .It is a precious metal that is very soft when pure (24 Kt.).
Gold is the most malleable (hammer able) and ductile (able to be made into wire)
metal. Gold is alloyed (mixed with other metals, usually silver and copper) to
make it less expensive and harder. The purity of gold jewelry is measured in
karats. Some countries hallmark gold with a three-digit number that indicates the
parts per thousand of gold. In this system, "750" means 750/1000 gold (equal to
18K); "500" means 500/1000 gold (equal to 12K). Alloyed gold comes in many
colors.
Central Bank
400 28000 1.4
holding
Annual Exports 60
• South Africa
• United States
• Australia
• China
• Canada
• Russia
• Indonesia
• Peru
• Uzbekistan
• Papua New Guinea
• Ghana
• Brazil
• Chile
• Philippines
• Mali
• Mexico
• Argentina
• Kyrgyzstan
• Zimbabwe
• Colombia
Gold conversion
To Convert
Weight Multiply by
Many gold-coated articles are also used as substitutes for solid karat gold. The
thickness of the coatings are often expressed in millionths of an inch, or
microinches, and the table below provides a way to translate between these and
other measurement units.
The minimum fineness is 995 parts per 1000 fine gold and gold said to be 1000
fine is marked down to 999.9 fine. The following fine gold contents of other bar
weights are accepted by the London Bullion Market Association (LBMA). These
bars are available at the spot Loco-London price plus a premium which varies
dependent on prevailing market conditions in different locations.
Fine Gold Contents in Ounces Troy
9 Indonesia 48 110 88
10 United Kingdom 65 68 74
11 Taiwan 66 66 60
12 Korea 35 52 56
13 Pakistan 53 60 54
14 France 56 56 54
15 Spain 61 53 51
16 Mexico 32 42 51
17 Thailand 21 42 51
18 Russia 44 40 47
19 Iran 42 41 45
20 Japan 45 43 43
The history of gold begins in remote antiquity. But without hard archaeological
evidence to pinpoint the time and place of man's first happy encounter with the
yellow metal, we can only conjecture about those persons, who at various places
and at different times first came upon native gold. Experts of fossil study have
observed that bits of natural gold were found in Spanish caves used by the
Paleolithic Man about 40,000 B.C. Consequently, it is not surprising that historical
sources cannot agree on the precise date that gold was first used. One states
that gold's recorded discovery occurred circa 6000 B.C. Another mentions that
the pharaohs and temple priests used the relic metal for adornment in ancient
Egypt circa 3000 B.C. However, it is curious to note that the early Egyptian's
medium of exchange was not gold but barley. The first use of gold as money in
700 B.C. is claimed by the citizens of the Kingdom of Lydia (western Turkey).
Surely, you remember the kingdom of the famous fortune seeking King Croesus -
circa 550 B.C.
Uses of gold
Gold has been prized by people since the earliest times for making statues and
icons and also for jewelry to adorn their bodies. Intricately sculptured art objects
and adornment jewelry have been uncovered in the Sumerian royal Tombs in
southern Iraq and the tombs of Egyptian kings. Significant buildings and religious
temples and statues have been covered with thinly beaten sheets of gold. Due to
its rarity, gold has long been considered a symbol of the wealth and power of its
possessor.
In 2001, it was estimated that 2870 tons of gold were produced worldwide. About
80 percent of that gold production was used to make jewelry, the majority of
which was sold in India, Europe and the United States of America. Gold jewelry is
universally popular, loved for its lustrous yellow color and untarnishing character.
In many Asian countries, such as India, Thailand, and China, gold is important to
religious ceremonies and social occasions, such as the Chinese New Year and
Hindu marriages in India.
Tons of gold was used in the decoration of famous golden temple of Amritshar
India. Also In southern city of used gold for the decoration of Lard
Temple in
GOLD COINS
US $160 Million Gold Temple
Inaugurated in Vellore, South India
Vellore: One of the biggest Hindu shrines in southern India, the Sri Puram
Golden Temple a grand golden temple built by a spiritual organization in Tamil
Nadu at an approximate cost of US$160 million (Rs 600 crore), the consecration
(kumbhabhishekam) was performed on August 24, 2007, presence of over
30,000 devotees. The Mahalakshmi temple, located on a sprawling 100 acres of
land at Sripuram, near Vellore, about 125 km from Chennai, has been
constructed by Vellore-based Sri Narayani Peetam, headed by spiritual leader Sri
Sakthi Amma. "The Taj Mahal was built as an expression of love for a single
person but the Sri Puram Golden Temple stands for unconditional love for the
entire humanity," says Amma, 31, who also goes by the name of Shakti Siddha.
The temple, covering 55,000 sq ft area, has intricate carvings and sculptures in
gold. Except the walking path, the entire structure has been covered with gold
and copper. This would be more grandeur than the Golden Temple in Amritsar,
mutt sources said. About 400 goldsmiths and coppersmiths, including craftsmen
from Tirumala-Tirupati Devasthanams, have completed the architectural marvel
in gold in six years. More than one and one-half ton of pure gold was glitter and
gleam under the sun, Devotees hail the temple as "one of the wonders of the
world," and say that it is the only temple covered fully with gold.
THE GOLDEN TEMPLE OF AMRITSHAR
The Golden Temple is a two-storey building. The lower building is marble clad, and
decorated with flower and animal motifs. The upper storey is gold plated. At the top is the
golden dome. It is shaped like an inverted lotus. It is said to be gilded with 100 kg of pure
gold. The Golden Temple was built during the term of the fifth Sikh Guru, Guru Arjan
Dev (1581-1606). It stands in the midst of a water tank that had earlier been escavated by
the fourth guru, Guru Ram Das (1574-1581). The site was once a forest. It is believed that
the great Indian poet Valmiki wrote the Ramayana here. It was here that Sita was
banished, and it was also here that her sons Luv and Kush heard these legends of their
forefathers. Gautama Buddha is also believed to have visited this site. Today, however, it
is the holiest site for the Sikhs.