Gold

Gold is a rare metal Which is often used as money. Thus, trading Gold is extremely popular throughout history. Trading gold is viewed as a hedge or harbor against economic, political or social fiat currency crise, such as investment market declines, inflation, currency attention or get involved in trading gold. As a green hand, first of all we should understand some simple knowledge about the gold trading.

The chemical symbol of gold is AU from Aurum, the latin word for gold. Chemical gold is an element, which means it cannot be broken down further. Pure gold (24 carat) is yellow in color. Never the less, the color changes depending on the added alloy metals.

Karat grade is used to express the purity of gold. It basically refers to the proportion of gold in an alloy as illustrated below:

Karat: 22kt
part gold to alloy: 22/24
Percentage: 91.66
Fitness: 916

Karat: 24kt
part gold to alloy: 24/24
Percentage: 100.00
Fitness: 100

EXAMPLE: 22 karat means that 22 out of 24 portions of gold. This equal to 916% of gold. Hence, it is also know as 916 gold.