definitions of gold related words

	Word	Explanation
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 point Goldmax

Gold max

May 29, 2021

Gold dealers in India offered a discount last week due to plentiful supplies

Gold prices inched lower on Monday as investors moved to riskier assets following the announcement of an interim deal between the United States and China that cooled a 17-month-old trade dispute.

Spot Gold

Spot gold was down 0.1 per cent at $1,473.88 per ounce, as of 0050 GMT. US gold futures were down 0.2 per cent at $1,478.60.

TRADE AGREEMENT
The “phase one” trade agreement was announced on Friday and on Sunday US Trade Representative Robert Lighthizer said US exports to China will nearly double over the next two years although officials are yet to decide a date to sign the agreement.

TARIFFS IN CHINA

The United States suspended some tariffs on Chinese goods that was due to go into effect on Sunday, while China State Council’s customs tariff commission said it had dropped its plan for additional tariffs on some US goods.

ASIAN MARKET

Asian shares rose as investors breathed a sigh of relief after a thaw in tariff war.

US ECONOMY
The US economy is doing well and looks set to stay that way next year, two top Federal Reserve policymakers said on Friday, remarks that suggest they are content to leave interest rates where they are However, data from US showed on Friday retail sales increased less than expected in November as Americans cut back on discretionary spending despite a strong labour market.

BREXIT
In the UK, British Prime Minister Boris Johnson will “get Brexit done” by Jan. 31 and then agree to a new trade deal with the European Union by the end of 2020, cabinet office minister Michael Gove said on Sunday.

COMEX
Speculators slashed their bullish positions in COMEX gold in the week to Dec. 10, data showed.

INDIAN GOLD MARKET
Gold dealers in India offered a discount last week due to plentiful supplies and slack demand during the wedding season, with other regions in Asia expecting improvement in buying ahead of the Christmas and Chinese New Year festivities.

PALLADIU -PLATINUM -SILVER MARKETS
Elsewhere, Palladium rose 0.6 per cent to $1,941.09 an ounce, silver shed 0.1 per cent to $16.92 per ounce, while platinum fell 0.2 per cent to $926.08.

sell old gold for cash

Gold max

December 16, 2019

SPOT GOLD

GOLD prices fell on Monday as investors turned to riskier assets on signs of economic growth following reports of an expanding Chinese factory sector and as a rising dollar reduced demand.
Spot gold was down 0.5 per cent at $1,456.70 per ounce by 0802 GMT, having earlier touched its highest since Nov. 22. US gold futures fell 0.7 per cent to $1,463.
An unexpected expansion in factory activity during November in China, the world’s second-largest economy and biggest gold user, spurred investors into equity markets

Gold max

December 3, 2019

Category: spot gold

definitions of gold related words

Gold dealers in India offered a discount last week due to plentiful supplies

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