Buy gold bars in Markham

Purity levels

Gold purity is expressed in terms of a percentage, indicating the amount of pure gold (also called "fine gold" or "24-karat gold") present in the bar. The purity of gold bars can vary, but there are some common standards:

• Understanding 24-karat gold: 24-karat describes pure or near-pure gold; the exact fineness should be read from the product specification. A fineness of 999.9 means 99.99%, and higher-fineness products also exist. Compare weight and total price as well as purity.
• 22-Karat Gold (91.67% purity)
  This level of purity is common in some gold coins and jewelry. It consists of 91.67% pure gold and is often alloyed with other metals like copper or silver to enhance durability.
• 18-Karat Gold (75% purity)
  18-karat gold contains 75% pure gold, making it less pure than 22-karat or 24-karat gold. It is commonly used in high-end jewelry.
• 14-Karat Gold (58.33% purity)
  14-karat gold is often used in mainstream jewelry. It consists of 58.33% pure gold and is alloyed with other metals for strength and color.

Fineness standards

Fineness is another way to express the purity of gold, particularly in the context of gold bars. It is typically measured in parts per thousand (ppt), with higher numbers indicating greater purity.

• Product specifications: Compare the listed weight, fineness, mint or refiner, and packaging for the specific product. These details vary by item; ask our team to clarify any missing information before ordering.
• 999 (99.9% pure)
  Gold bars with a fineness of 999 contain 99.9% pure gold. They are also suitable for investment and are widely accepted in global markets.
• 995 (99.5% pure)
  Some gold bars have a fineness of 995, meaning they contain 99.5% pure gold. These are still considered high-quality and are commonly traded.

Significance of karats

Karat expresses the proportion of gold on a 24-part scale. For example, 18-karat gold is 75% gold. For bullion, use the exact fineness in the product specification rather than assuming that every 24-karat product is 99.99% pure.

Assay Certificates

Some bars include an assay card or certificate from a manufacturer or testing laboratory; others are sold in different packaging. Check the specific listing for what is included. Documentation supports identification but does not by itself establish that a bar is genuine.

Packaging, assay cards and certificates vary by product. Review the listing and ask what documentation is included; markings or packaging alone are not conclusive proof of authenticity.