Difference Between 24 Karat and 22 Karat Gold

Check the difference between 22K and 24K gold At IIFL Finance. Read this article to know what is 22K and 24K Gold in more details

8 Dec,2022 09:26 IST 29894 Views
What Is 24K and 22K Gold? Know More About It In Detail

In India, gold is not just a precious metal; it is an integral part of celebrations, weddings, festivals, and religious ceremonies. However, when it comes to buying or investing in gold, purity matters significantly.

The purity of gold is primarily measured in karats (k). The karat system indicates how much pure gold is included in a piece of jewellery or gold item. The purer the gold, the greater the karat value. The most popular carat values in India are 24, 22, 18, and 14. Pure gold is considered 24k, containing 99.9% gold, while the remaining karats include alloy metals like copper or silver for added strength and durability. The Bureau of Indian Standards (BIS) in India certifies their purity and quality by hallmarking them.

These hallmarks certify the gold's purity and act as a guarantee of its authenticity. Buying hallmarked gold ensures you get what you pay for and protects you from counterfeit or low-quality gold. The higher the purity, the more expensive the gold. Therefore, when buying gold for investment purposes, it is advisable to choose higher purity gold, such as 24k or 22k, as it carries a higher intrinsic value.

What Does Karat Mean In Gold Quality?

When buying gold, the jeweller or the selling entity always denotes the gold articles in karat or carat. Karat or ‘K’ is a measuring unit for the quality of the gold and its pieces, such as gold bars, coins, jewellery, etc.

Denoting gold in carats is important as gold looks the same visibly, making it difficult to determine the quality by looking at the visible aspects. Thus, it is best to look at the karats of the gold before buying any gold articles or getting the best price for selling the gold.

In India, gold articles are measured through a karat scale which ranges from 0-24. Here zero karat would be a fake gold ornament, while 24 carats is of the highest possible quality.

Since gold is a very soft metal, it must be mixed with other metals, such as nickel, copper, silver, etc., to convert it into gold articles. The karat measures the ratio in which different metals are mixed with gold. The higher the carats, the lower the number of other metals in the resulting gold articles.

In India, 22-carat and 24-carat gold are the most widely bought gold quality. Hence, it is imperative to understand what is the difference between 22-carat and 24-carat gold.

What Is 22K Gold?

22k gold, or 22-carat gold, is a gold mixture combining two parts of other alloys/metals, including silver, nickel, zinc, and copper. 22-carat gold is the next best quality to 24-carat gold and is the most widely used gold to make jewellery and other gold articles.

22-carat gold is also called 916 gold as it contains pure gold with a percentage of 91.67%. Due to the metal composition, the remaining portion is of other mixed metals to make it more durable. The price of 22-carat gold is lower than that of 24-carat gold in the domestic and international markets.

The 22-carat gold price fluctuates daily depending on numerous factors such as demand and supply, import price, etc. Before buying and selling, it is wise to seek the answer to what is 22k gold price today.

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What Is 24K Gold?

24-k gold or 24-carat gold is the purest form of gold available to customers or jewellers in the domestic and international markets. 24-carat gold contains 99,99% gold with no other mixed metal such as copper, nickel, zinc, or silver. However, 24-carat gold does not have 100% gold but only 99.99%. Hence, 24-carat gold is only extracted at 99.99% purity from gold ores in solid form.

Gold articles made from 24-carat gold are of the highest purity and are considered the best in quality. However, 24-carat gold is less popular to make gold jewellery due to its non-durable nature. Instead, it is used for electrical devices and other medical equipment.

Check the Difference Between 22K and 24k Gold?

Here is a detailed table to showcase what is the difference between 22karat and 24karat gold:



22k Gold

24k Gold





Widely used to make jewellery as it is more durable because of the presence of other metals.

Suitable for investment purposes as it is delicate in nature and non-durable.


The price is always lower than 24k gold.

The price is the highest among all gold qualities.


Used in making jewellery and other gold articles.

Used in electrical and medical equipment.


22K gold is the most durable as it contains other metals such as zinc, nickel, copper, etc.

24k gold is less stable than 22k gold as it is too delicate to resist wear and tear.

Avail Of An Ideal Gold Loan With IIFL Finance

With IIFL Gold loan, you get industry-best benefits through our process designed to offer instant funds based on the value of your gold within 30 minutes of application. IIFL Finance Gold Loans come with the lowest fee and charges, making it the most affordable loan scheme available. With a transparent fee structure, there are no hidden costs you have to incur after applying for the loan with IIFL Finance.


Q.1: What are the interest rates on IIFL Finance Gold Loans?
Ans: The gold loan interest rates are between 6.48% - 27% p.a.

Q.2: How can I apply for a Gold Loan with IIFL Finance?
Ans: Getting a gold loan from IIFL Finance is super easy! Click on the ‘Apply Now’ button mentioned above and fill in all the required details to get a loan approved in few minutes.

Q.3: What is the loan tenure for the IIFL Finance gold loan?
Ans: The loan tenure for an IIFL Finance gold loan is according to the market.

Q.4: What is the difference between 24-karat gold and 22-karat gold?
Ans: In contrast to 22k gold, which contains 8.3% other metals like copper or silver and 91.7% gold, 24k gold is considered pure gold because it contains 99.9% gold. Due to its extreme malleability and softness, pure gold is less suitable for some jewellery applications where durability is an issue. Because 22k gold contains alloy metals that make it stronger and tougher, it can be used for various jewellery products. As a result, 24k gold is frequently utilised to make gold bars and coins or for investment purposes. On the other hand, 22k gold is favoured by many worldwide and is frequently used in traditional jewellery designs.

Q.5: How much pure gold is present in 22-karat and 24-karat?
Ans: 24-karat gold contains 99.9% pure gold, while 22-karat gold contains 91.7% pure gold.

Q.6: What to check while buying gold jewellery?
Ans: When buying gold jewellery, look for purity in karats, proper weight and hallmarking, Also check for the jeweller's return policy and warranty and proper documentation specifying the gold's purity, weight, and details.

Q.7: What type of gold is used in making jewellery?
Ans: 22k gold is used in jewellery as it contains 8.3 per cent mixed alloys, making it stronger and tougher.

Q.8: Which type of gold is suitable for daily use?
Ans: 22k gold is suitable for daily use as jewellery cannot be made out of 24k gold.

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