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Gold (Commodity)

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Gold (Commodity)


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Scorecard | Sun 29 May


Current

England vs Sri Lanka Test

Riverside Ground, Chester-le-Street ,5/27/2016, 15:30 (IST)


recent

Delhi Daredevils vs Royal Challengers Bangalore T20

Shaheed Veer Narayan Singh International Stadium, Raipur ,5/22/2016, 20:00 (IST)

Royal Challengers Bangalore beat Delhi Daredevils by 6 wickets

Gujarat Lions vs Royal Challengers Bangalore T20

M.Chinnaswamy Stadium, Bengaluru ,5/24/2016, 20:00 (IST)

Royal Challengers Bangalore beat Gujarat Lions by 4 wickets

Sunrisers Hyderabad vs Kolkata Knight Riders T20

Feroz Shah Kotla, Delhi ,5/25/2016, 20:00 (IST)

Sunrisers Hyderabad beat Kolkata Knight Riders by 22 runs

About Gold (Commodity)


In various countries, gold was used as a standard for monetary exchange, but this practice has been abandoned with the rise of fiat currency. The last country to back their money with gold was Switzerland, which backed 40% of its value until it joined the International Monetary Fund in 1999. Pure gold is too soft for ordinary use and is typically hardened by alloying with copper or other base metals. The gold content of gold alloys is measured in carats (k), pure gold being designated as 24k. Gold coins intended for circulation from 1526 into the 1930s were typically a standard 22k alloy called crown gold, for hardness. Modern collector/investment bullion coins (which do not require good mechanical wear properties) are typically 24k, although the American Gold Eagle, the British gold sovereign and the South African Krugerrand continue to be made at 22k, on historical tradition. The

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