Differences Between Young and Old Gold: Here's the Explanation
Jakarta (ANTARA) — The terms young gold and old gold still frequently cause confusion in society. Many people assume they refer to the age of the gold, whereas the main difference lies in the purity or level of refinement.
What Are Young Gold and Old Gold?
Young gold generally has a purity of under 70 percent or less than 17 karat. This type is commonly found in jewellery because it has been mixed with other metals such as silver or copper to make it stronger and more durable for everyday use. Meanwhile, old gold has a higher level of purity, ranging from 17 to 24 karat, and can even reach 99 percent. Due to its softer nature, old gold is more often produced in bar form and utilised as an investment instrument.
These differences in purity also influence the selling price. In general, old gold has a higher price per gram due to its greater pure gold content. However, young gold still holds competitive economic value, depending on its weight and purity.
Amid the growing public need to sell gold quickly and safely, Raja Emas Indonesia offers a more transparent transaction approach. The company accepts various types of gold, from jewellery and gold bars to old gold or gold without certificates.
In the appraisal process, Raja Emas Indonesia uses X-Ray Fluorescence (XRF) technology to measure gold purity accurately without damaging the physical item. Price determination also refers to the latest international gold prices, making it more relevant compared to relying on old purchase prices.
Additionally, the company ensures all transactions comply with applicable regulations, including seller identity verification. This step is considered important for maintaining security and legality in domestic gold trading.
With a network of outlets spread across dozens of major cities, Raja Emas Indonesia aims to provide broader access for the public to conduct gold transactions easily, quickly, and transparently.
Observers note that increasing public literacy regarding the differences between young and old gold, along with access to credible buying and selling services, can help maximise the value of owned gold assets, especially amid the trend of fluctuating but long-term rising global gold prices.