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For example, a gold coin labeled as 22 karats includes 22 areas of gold and two elements of other metals, blended to enhance its toughness without having compromising its intrinsic benefit.

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The expression “karat” refers to some unit of measurement applied to determine the purity of gold. Pure gold is designated as 24 karats.

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Central financial institutions occupy an important place inside the world wide gold market, exerting considerable affect as a result of their participation. These esteemed institutions strategically involve gold inside their reserves, enabling them to condition marketplace dynamics by way of buying and offering functions.