Gold prices in India have increased continuously in recent times, which are affected due to many global and domestic reasons. But the gold chain is one of everyone’s favorite jewelery. Especially when it comes to 5 tola gold chains, the choice of its purity and strength becomes very important. The purity of gold is measured in carat.

Pure gold is 24 carat, in which the amount of gold is 100%. There are 22 carats that have about 91.6% purity, followed by 20 carats with about 83.3% purity and then 18 carat which contains about 75% purity. Let us know how many carat gold is appropriate for which five weighing chains.

The specialty of 24 carat

24 carat gold is completely pure and its color is dark golden or yellow color. But its biggest disadvantage is that it is very soft and can break quickly for everyday chain. At the same time, people do not make jewelery etc. in 24 carat gold. Only then 24 carat gold is considered right for investment or special opportunities.

22 carat purity

22 carat gold is considered to be the most suitable for traditional jewelery or luxury chain. It has high purity of gold and there is some strength. For this reason, 22 carat chains are most liked on marriage, festival or special occasions.

Strong and durable how many carat gold

20 carat gold is strong and durable. This is a better option to wear everyday, as it reduces the chances of breaking or scratching. Similarly, 18 carat gold is even more durable, but the amount of gold is low in it and the color appears light red-gold, but it is also perfect to wear everyday.

However, the strength of gold chain does not only depend on carat, but also depends on design and thickness. In thick and dense chains, 22 carats can also last long. Therefore, when 5 tola make gold chains, it is necessary to choose carat according to your use.

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Gold Price: Gold prices have now reached their peak and in the next two months it can fall by 12 to 15 percent. No one else has expressed this estimate by Quant Mutual Fund. However, the fund says that gold will still be important for medium and long -term investors.

Gold fall in gold

If you look at the current situation, the price of gold in the retail market on Tuesday was Rs 96,960 per 10 grams. It reached 99,868 after adding GST. But if analysts believe, then these prices can go down significantly in the coming weeks.

Morningstar’s big claim

The US -based financial analyst group Morningstar has made even a bigger claim. He has said that in the coming few years, it is possible to fall by 38 percent in gold prices.

Prices increased, sales of jewelry decreased

Increasing gold prices have affected the sale of jewelers. According to the India Bullion and Jewelers Association (IBJA), there has been a 30 per cent decline in sales of gold jewelery in India in the last 15 days. The biggest reason for this is a rise of up to 5 percent prices.

Enthusiasm after Akshaya Tritiya

Talking to IBJA National Secretary Surendra Mehta Economic Times, he says that there was a little demand during the first week of May, ie Akshaya Tritiya, because at that time gold had fallen to Rs 92,365 per 10 grams. But after that prices started climbing again and due to this the buyers started retreating.

So why was gold increased?

The reason for recent boom was global economic uncertainty, fear over inflation and geopolitical stress. Trade disputes between the US-China also turned investors towards gold. But now the same factor can work to push the prices down.

Actually, tension between the US and China seems to be deepening again. Donald Trump has accused China of breaking the terms of the agreement. This week, a phone call is being expected between Trump and Chinese President Xi Jinping. The market is closely monitoring this.

Europe also angry

On the other hand, the European Union is pressurizing the US to reduce fees. But the US is proceeding on the plan to impose 50 percent tax on steel and aluminum. Not only this, the US is seeking a hurry on trade proposals from other countries so that the talks can be intensified.

What to do investors?

Quant Mutual Fund suggests that gold should remain in your portfolio, but it would be better to be cautious for the next few months. Those who have bought at high prices, be mentally prepared for the decline.

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