Gold

Fineness

In the world of finance, one important term to understand is fineness. It refers to the purity of a precious metal, typically measured in 1,000 parts of an alloy. For example, a gold bar with a fineness of .995 would consist of 995 parts gold and 5 parts of another metal. This measurement is crucial in determining the value and quality of precious metals, making it a key concept for any student or practitioner of finance.

Related terms

Legend

Understand the meaning and definition of Legend in the context of stock market, trading, and investments.

MORE
Ounce/Troy ounce

Understand the meaning and definition of Ounce/Troy ounce in the context of stock market, trading, and investments.

MORE
Tola

Understand the meaning and definition of Tola in the context of stock market, trading, and investments.

MORE
Fine weight

Understand the meaning and definition of Fine weight in the context of stock market, trading, and investments.

MORE
Mint mark

Understand the meaning and definition of Mint mark in the context of stock market, trading, and investments.

MORE
Karat

Understand the meaning and definition of Karat in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers