|1||Metallurgy||It is a technology of extracting metal by chemical methods, to extract metals from the mineral ores. Sometimes, they are called alchemy too.|
|2||Refining||It is a process of removing impurtities in the gold by two most common methods which are Miller process and Wohlwill process.|
|3||Smelting||It is the process of extracting metal from ore by using high pressure, heat and chemicals. Smelting gold involves high-technology and high cost tools to perform.|
|4||Bullion||Bullion is physical gold, silver or other precious metals in the form of bars, ingots or specialized coins that is said to maintain its value.|
|5||LBMA||LBMA is London Bullion Market Association. An international trade association representing the global bullion market and defines itself as “global authority on precious metals”.|
|6||Yellow gold (jewellery)||Yellow gold is the purest form in gold and for jewellery, it is made into alloy which contains pure gold, zinc and copper.|
|7||White gold (jewellery)||White gold is an alloy that mixed with palladium or nickel to give the colour silver or platinum.|
|8||Rose gold (jewellery)||Rose gold is an alloy that mixed with approximately 25% of copper which gives the pinkish colour. Sometimes, known as pink gold.|
|9||Karat||It is a gold measurement. It measures the fineness (purity) of gold. It is spelled Carat outside of United States.|
|10||Alloy||Alloy is an admixture of metal or a metal combined with one or more elements. For example, gold and copper produces yellow gold.|
|11||Troy ounce||Troy ounce is a unit of measure used to weighing precious metals that dates back to old days. One troy ounce is equal to 31.1g.|
|12||Aqua regia||A yellow-orange fuming liquid that can dessolve the moble metal gold and platinum. It is used to dissolved gold which used in industrial products such as circuit boards.|
|13||Aurum||Gold is a chemical element with the symbol which comes from Latin word “aurum”. Au seal maybe found in some white gold jewelleries.|
|14||Dinar||The modern Islamic gold dinar is a projected bullion coin and first issued in AH 77. The wieght of the dinar is 1 mithqal (4.25 grams).|
|15||Precious metal||Precious metals are rare, naturally occuring metallic chemical of high economic value. Gold, silver, platinum and palladium each have an ISO 4217 currency code.|
|16||Gold tooth||Gold tooth is a form of dental prosthesis where the vissible part of tooth is replaced with a prosthetic molded from gold.|
|17||Gold plated||Gold plated means jewellery made of a base metal such as copper or silver that has a very thin layer of gold applied to the top.|
|18||Gold Filled||Gold filled means jewellery is made by taking one or more sheets of solid gold and wrapped them around a base metal inder intense pressure.|
|19||Vermeil||It means gold plated sterling silver or fine silver, It is regular old plating except the underlying metal is silver instead of a base metal.|
|20||Nugget||It is gold fragment weathered out of an original lode. Nuggets are usually K20 to K22 in purity|
Gold fell nearly 1 per cent on Tuesday as LockDown easing plans boost risk appetite by some countries easing coronavirus-induced restrictions, although recession fears and hopes for more stimulus kept the bullion near the $1,700 level.
Spot gold eased 0.7 per cent to $1,702.00 per ounce by 0701 GMT, after falling as much as 1.4 per cent during the session. US gold futures fell 0.4 per cent to $1,716.20 per ounce.
Some countries, including Italy and New Zealand, announced an easing of lockdowns and more parts of the United States looked set to restart business.
Spot gold fell 0.2 per cent to $1,562.81 per ounce by 0107 GMT. In the previous session, prices hit their highest since April 2013 at $1,582.59. US gold futures fell 0.2 per cent to $1,566.00.Gold prices inched lower on Tuesday, a day after hitting their highest in nearly seven years, with a lack of immediate escalation between the United States and Iran denting bullion‘s safe-haven appeal.
Old gold rate ::
Spot gold price for 24 Karat in Delhi were trading up by Rs 15 and the upside was limited on rupee appreciation. The spot rupee was trading 16 paise stronger against the dollar during the Silver prices also gained Rs 50 to Rs 45,726 per kg from Rs 45,676 per kg.
In the international market, both gold and silver were trading higher at $1,466.50 per ounce and $16.97 per ounce, respectively.
Bullion prices traded firm on Thursday, maintaining positive trading for the third consecutive day on the US-China trade deal worries
In the previous trade, the spot gold price had closed at Rs 38,980 per 10 gram.
The worsening protests in Hong Kong and weak industrial production data from China also supported gold prices.
GOLD FALL :: Investment demand for gold, which had slipped by 35 per cent in the July-September quarter, may decline further in the fourth quarter of 2019 as rural India has stayed away from investing in gold after the kharif crop harvest. Investment demand for gold in rural India, which picks up every year after harvesting of the kharif crop, has plunged 50-60 per cent this year compared with a year ago.
Crop loss due to heavy and unseasonal rains this year has kept farmers away from gold purchases. Farmers are now buying gold only for wedding purposes, and the ticket sizes are small. Of the 850-900 tonnes of gold consumed annually in India, rural consumption accounts for nearly 60 per cent.