How is the purity of gold measured?
The purity of gold articles/bullion is generally described in three ways. The three terms that can be used to describe the purity of the metal are – per cent, fineness and karats. While karats, one of the more commonly used terms, measures the number of parts of gold per 24 parts of the whole, fineness tries to measure the parts of gold per thousand, whilst per cent tries to measure the parts of gold per 100.
