• SENSEX
    NIFTY 50
Business

Gold at record highs | Check out these 10 rare facts about the precious metal that you may not know

Updated : 2020-08-07 09:32:47

Gold is trading at record highs. But, despite having traded in gold, there are some rare facts about the precious metal that could surprise you. Read on for more.

Gold is trading at record highs and as of August 6, October gold futures moved 1 percent up to a new high of Rs 55,651 per 10 gram. But, despite having traded in gold, there are some rare facts about the precious metal that could surprise you. Read on for more. (Image: Reuters)
Gold is trading at record highs and as of August 6, October gold futures moved 1 percent up to a new high of Rs 55,651 per 10 gram. But, despite having traded in gold, there are some rare facts about the precious metal that could surprise you. Read on for more. (Image: Reuters)
1. Gold is so malleable that just 1 gram can be hammered into a 1 square metre sheet and can be made so thin that it appears transparent. (Image: Reuters)
1. Gold is so malleable that just 1 gram can be hammered into a 1 square metre sheet and can be made so thin that it appears transparent. (Image: Reuters)
2. Pure gold is 24 karat and compared to other metals it is less chemically reactive. (Image: Reuters)
2. Pure gold is 24 karat and compared to other metals it is less chemically reactive. (Image: Reuters)
3. As of 2009, estimates suggest that humans may have mined over 1,87,200 tonnes of the yellow metal. (Image: Reuters)
3. As of 2009, estimates suggest that humans may have mined over 1,87,200 tonnes of the yellow metal. (Image: Reuters)
4. Over the last 100 years South Africa has been the biggest producer of gold, but has recently been overtaken by China. (Image: Reuters)
4. Over the last 100 years South Africa has been the biggest producer of gold, but has recently been overtaken by China. (Image: Reuters)
5. Gold has a cultural and financial value and in terms of volume, India and China make for the largest markets accounting for over 50 percent of total demand. (Image: Reuters)
5. Gold has a cultural and financial value and in terms of volume, India and China make for the largest markets accounting for over 50 percent of total demand. (Image: Reuters)
6. Asian and Middle Eastern markets are dominated by demand for pure, high-caratage gold. (Image: Reuters)
6. Asian and Middle Eastern markets are dominated by demand for pure, high-caratage gold. (Image: Reuters)
7. Gold mines provide around 75 percent of supply and the remaining comes from the recycled gold segment. Around 90 percent of recycled gold comes from jewellery, while gold extracted from technology provides another 10 percent. (Image: Reuters)
7. Gold mines provide around 75 percent of supply and the remaining comes from the recycled gold segment. Around 90 percent of recycled gold comes from jewellery, while gold extracted from technology provides another 10 percent. (Image: Reuters)
8. Estimates suggest that over 90 percent of the world's gold has been mined since the California Gold Rush and if all the existing gold in the world was wound into a 5-micron wire, it could wrap around the world 11.2 million times. (Image: Reuters)
8. Estimates suggest that over 90 percent of the world's gold has been mined since the California Gold Rush and if all the existing gold in the world was wound into a 5-micron wire, it could wrap around the world 11.2 million times. (Image: Reuters)
9. The US Federal Reserve, as of 2018 held 6,700 tonnes of gold, in 5,30,000 gold bars. At its peak in 1973, the Fed stored over 12,000 tonnes of the precious metal. (Image: Reuters)
9. The US Federal Reserve, as of 2018 held 6,700 tonnes of gold, in 5,30,000 gold bars. At its peak in 1973, the Fed stored over 12,000 tonnes of the precious metal. (Image: Reuters)
10. Around half of all gold mined today is made into jewellery, which remains the single largest use for the metal. (Image: Reuters)
10. Around half of all gold mined today is made into jewellery, which remains the single largest use for the metal. (Image: Reuters)
Live TV
Advertisement