Is this 24k gold bars?
5 Gram Perth Mint Gold Bar .9999 Fine (in Assay)
I have clearly this bars are gold bars for 5 grams. But does not specify if we are talking of a 24k, 18k, 14k or 10k. Need clarification please.
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Open May 01, 2024 - 01:52 PM
1answer
Answer
May 01, 2024 - 01:52 PM
The term "karats" is used to measure the purity of gold alloys, whereas ".9999 fine" describes the purity of gold in decimal form. A gold item that is .9999 fine is 99.99% pure gold, which is equivalent to 24 karats. Therefore, the 5 gram Perth Mint Gold Bar you mentioned, being .9999 fine, is 24 karat gold.
Source: https://bullionexchanges.com/blog/how...
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