Are MMTC-PAMP products hallmarked?
What is the difference between 22K and 24K purity?
• MMTC-PAMP refinery is BIS certified and NABL accredited. Hallmarking is done for only Gold items of 14, 18 and 22K. BIS has not published standard procedure for hallmarking 24K Gold.
• Across the world, the standard for the highest quality gold is set by an organization called the LBMA. MMTC-PAMP is the first and only LBMA Good Delivery refinery accredited for both gold and silver, having met LBMA’s stringent standards across the production cycle for precious metals.
• LBMA stands for London Bullion Market Association, which is an International trade association representing the market for gold and silver Bullion with a global client base. LBMA’s main role is setting and maintaining global standards for gold and silver, universally recognized as the de-facto standard of quality assured and assayed bullion. For more details, please visit: http://www.lbma.org.uk
What is 999.9 purity Gold and Silver?
• Karat is the term used to measure the gold content or purity. If we assume the metal to have 24 parts, then 100% of the metal is pure Gold. 22K means, 22/24 K which is 91.67%
• Anything above or equal to 99.5% is considered 24K. While 22k is 91.67% Gold.
What is the difference between 999 and 999.9?
• 999.9 is the purest form of Gold or Silver. This means that your product contains at least 99.99% Gold or Silver.
• In India anything that is above 995 purity is considered 24K.
• While 999 means that your gold is 99.90% pure and only 0.1% is other metal, 999.9 means your gold is 99.99% pure, i.e. only 0.01% is other metal.
• In case of MMTC-PAMP gold products, the other metal is 999.9+ Fine Silver.