Gold is the oldest precious metal known to man and for thousands of years it has been valued as a global currency, a commodity, an investment and simply an object of beauty.
Gold purity is measured in terms of karat and fineness:
Karat: pure gold is defined as 24 karat
Fineness: parts per thousand
Thus, 18 karat = 18/24 of 1,000 parts = 750 fineness
As per the NCDEX Circular No. NCDEX/TRADING-042/2016/095 dated April 26,2016, NCDEX/TRADING-071/2016/157 dated July 1, 2016 & MCX Circular No. MCX/T&S/147/2016 dated May 17, 2016, MCX/T&S/196/2016 dated 07th July 2016 regarding Disclosure of Proprietary Trading.
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