As a precious metal, gold has a long history of usage and adornment. Beautifully carved and non-tarnishable, the rare yellow metal is also an excellent conductor of electricity. Because of these characteristics, it is a popular metal in a variety of fields, including manufacturing, medicine, and technology.
Gold has long been revered as a symbol of power, beauty, purity, and success in almost every civilization that has ever used it.
Many of our most valued possessions are still made from gold: wedding rings, Olympian medals, money, jewellery, awards like the Oscar and Grammy as well as crucifixes and artwork.
For millennia, gold was used to create beautiful ornaments and elegant jewellery. Jewellery manufacturing accounts for up to 80% of the gold mined or recycled today. In addition to its ability to be pulled into wires, cast, and hammered, lustrous metal is a popular option for jewellery because of its malleability. 24 carat gold is a term used to describe the purity and softness of pure gold. Adding additional metals like copper, silver or platinum to it will make it more resistant to wear and tear.
Gold has long used as a means of commerce and as a store of wealth in addition to its status as a status symbol. More than 6,000 years ago, King Croesus of Lydia (modern-day Turkey) ordered the minting of gold coins, which were first used in transactions around 560 BC. In addition to its rarity, utility, and appeal, gold is a durable, portable, and readily divisible commodity. Bullion gold is a popular investment option for governments, individuals, and other organisations.