Concerns rise over fake gold in Saudi Arabia – ZAWYA

Concerns rise over fake gold in Saudi Arabia – ZAWYA

Local gold markets have seen stagnation in recent times, because of the increasing price of gold on international stock markets. The Arabic translation of #cheating_in_jewelry has been trending in Twitter for a few days, and several people posted about the issue, blaming those who were selling fake gold to pilgrims as pure gold.. “¢ Types of gold depend on the percentage of gold per kilogram.. For example, 24k gold, which is considered the best in quality, is 99 percent gold mixed with 1 percent of precious metal such as silver or copper.. “¢ For a kilogram of 22k gold, 125 grams of precious metals are added to 875 grams of pure gold; 150 grams of precious metals are added to 850 grams to make a kilogram of 21k gold, and 18k gold has 250 grams of precious metals per kilogram.. "The gold investment fund focuses on investment in pure and precious gold, and the investment transactions will take place at the Switzerland Gold Market under the supervision of the higher authorities in Switzerland..