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24-carat gold is more expensive than 22 carats and 18-carat gold as it is the purest form of gold. 24K gold is used for ... of gold is hallmarked before the sale. It is the industry best practice ...

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People in Pakistan not just buy it as jewelry but also use it as a source of hedge against inflation. So whenever the demand rises at local or international level, it also causes fluctuation in rates.

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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.