There are two types of gold traded in India, i.e, 24K and 22K. The first one is considered the purest form of gold with a purity of 99.99 per cent. It is too soft to be moulded into jewellery.

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Determined by a combination of factors including international market behaviour, demand, supply and inflation, among others, gold prices in India are indicated by the Multi Commodity Exchange of ...

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Should you buy 22k or 24k jewellery? Gold jewellery cannot be made with 24k gold and hence you never have 24k jewellery. The later comes only in 22k and lower versions like 18k and 14k as well.