Gold appraisal - General Flashcard

Front

What is the primary factor considered while assessing the purity of gold?

Back

Karat Value

Front

How does lower Karat gold (e.g., 18K) affect the appraisal process?

Back

Reduces the loan value

Front

Which of the following is a key challenge in gold appraisal? Gold appraisal இல் முக்கிய சவால் எது? A) Identifying fake or mixed gold B) Measuring the gold weight C) Checking the ornament design D) Calculating the market price

Back

Identifying fake or mixed gold

Front

What is the purpose of using an acid test or XRF machine in gold appraisal?

Back

To determine the gold purity

Front

How do fluctuations in gold prices affect gold loan approvals?

Back

Loan eligibility decreases when gold prices fall.

Front

What is the significance of hallmarking in gold appraisal?

Back

It certifies the purity of the gold.