All About Gold & My Personal Gold Jewellery Collection
From the Gold Souk in Dubai: There are more than 300 jewellers situated in the strip and in the afternoon and early evening the streets are alive with people from all over the world visiting the city of gold.
My favourite dream and desire is to be let loose in a jewellery shop full of gold ornaments. I am not at all fond of diamond or platinum jewellery, but it may just be the case of sour grapes you know. As far back as I can remember, my mom has been buying gold ornaments for us two sisters. Whenever she had a substantial amount, she would go and buy a new gold piece. Throughout our growing years until our marriages took place, she was always worried whether she had collected enough gold for us to be worn on that day and I am shamelesslely confessing that neither me nor my sister wore a single piece of artificial jewellery for our respective marriages. Well, mine is not an isolated case (ask Rads, and other married mallu girls). All Keralites are obsessed with “hoarding” gold. Even during the recession time, when markets were tumbling and the world was in crisis, mallus continued to buy gold and deck their daughters up in golden splendor.
I had read somewhere that Kerala people are most obsessed about four things, gold, coconut, fish, and liquor (not applicable to females). Kerala’s tryst with gold dates back to the ancient times of spice trading when European traders would trade their gold with spices such as cardamom, pepper, cinnamon, etc.
How Gold is Obtained
Gold is obtained from ores and separated from rock and other metals by drilling, melting, furnacing, and refining into the yellow metal.
Different Standards of Gold:
Gold is mixed with other metals and alloys and carats are allotted to determine what percentage of purity they have. Mainly, gold is categorized into 24 karats, 22 karats, 18 karats, and 14 karats.
Different percentages/ratios of gold to other metals, determined what carat rating, the gold is given.
• 24k gold contains 99.95 % (or more) gold by weight
• 22k gold contains 91.67% gold by weight
• 18k gold contains 75.00% gold by weight
• 14k gold contains 58.33% gold by weight.
24 Karat Gold
Standard gold is 24 carat (99.95% pure gold). 24 Karat gold has flexibility and can be treated to thin sheets or wires. It is not possible to make ornaments out of 24 carat gold because it is soft.
Golden bars or coins are otherwise called as Bullion. Bullion are mined by certain countries and sold in the world market. Bullion are pure gold which is 24 carat.
24 carat gold is lessened to 22 carat and thus transformed into jewels.
916 KDM Gold
KDM means Cadmium. Cadmium is a metal. This metal is mixed with gold to make ornaments and is considered to be pure. The world gold council has a hallmark for pure gold. With the addition of cadmium it is named as 916kdm. Cadmium added gold is considered pure because the cadmium added jewels when reheated or beaten up nothing is lost, and the result we get is pure gold.
Gold Price Rise Chart for the Last 15 Years
The price of gold has increased steadily over the last 15 years and continues to increase so as more and more people realize it to be a safe investment option.
Domestic gold prices, which hovered at Rs 5,060 (per ten grams) in 1996 have now crossed Rs. 20,000 mark on October 16, 2010.
Why 22-Karat Gold is Used for Ornament Making
22 Carat gold or 91.6% gold is used with mixture of other metals to make gold malleable. Gold in its pure form (24 Carat) is brittle and cannot be used for making ornaments or jewelry. Gold is rated in fineness of 1000, with 1000 being pure gold. Gold with a stamp of 916 is 916/1000 pure. This is the equivalent of 22-carat gold in the old system of purities.
Gold as an Investment Option
There is an old malayalam saying that goes like “mannum ponnum orikyalum chaddikilla.” When translated it means, “gold and soil would never cheat.” Investing in land and gold are considered to be the safest and securest options. Much before stock markets and mutual funds came into existence, land and gold were the most favoured choices for one to invest in. Wars were fought and people either died or killed for land, gold, and women.
Apart from buying 24 K bullions and 22 K gold ornaments, nowadays, there has been a steep increase in demand for 24 K and 22 K gold coins because there are no “making charge” loses with gold coins.
With gold finance companies like Muthoot and Manapparum, you can pledge your 22 K and 24 K gold and get finance for as low as 1 to 2%.
Gold in Beauty Treatments
Pure gold is used in facials and as masks for their skin firming and lifting properties. Gold’s anti-inflammatory properties also decrease skin inflammation thereby slowing down melanin secretion and reducing age spots. Gold slows down collagen depletion and the breakdown of elastin to prevent sagging skin. It stimulates cellular growth of the basal layer to regenerate healthy, firm skin cells and provide a tightening effect. Gold fights off damaging free radicals to help prevent premature aging of the skin.
Important Points to Remember While Buying Gold
1. Buy gold only from a showroom, which sells hallmarked gold from World Gold Council. If you are buying ornaments, look for the 916 KDM hallmark on the ornament. However small the ornament may be, the 916 hallmark is always marked on the piece, so no excuse should be accepted.
2. Follow gold trends and avoid buying gold on all-time high days.
3. If you are looking at gold as an investment option, go for gold coins instead of ornaments because this way you won’t incur loss through “making charges.”
4. During Akshaya Thrithiya and other festivals, make sure you book your gold in advance.
22-Karat Gold Jewellery From My Personal Collection
I love wearing gold jewellery and I only buy 22-K hallmarked 916 jewellery from reputed gold showrooms. I closely watch gold price trends and wait for a slight slump to buy a new piece. My leaning towards gold is more because I am allergic to any other kind of metal and develop rashes if I wear artificial jewellery. I have clicked for you some of my favourite pieces from my jewellery collection.
1. A small necklace with red stones.
2. A fishnet necklace with red beads bought exclusively for my wedding.
Check out for the 916 KDM hallmark always before you make the purchase.
3. Screw bangle.
4. Bangles for daily use.
5. My triplet necklace, again bought for my marriage.
6. Wheat grain chain for daily use.
7. Another chain for daily use.
8. My daily wear chain with mangalsutra.
9. My mangalsutra.
10. Some more wide screw bangles, I love wearing them.
11. Another set of bangles.
12. A thin bangle for everyday use.
13. My wedding ring with my husband’s name.
14. Some earrings, I don’t have too many earrings….:(.
15. White CZ studded ring.
16. A small gold coin of 2 grams.
17. Yes, I do wear golden anklets.
18. My son too has his share of gold ornaments on him.