Purity Levels: 999 fineness gold contains 99.9% pure gold, while 995 fineness gold has 99.5% pure gold, making 999 purer.
Impurity Content: In 999 fineness, there is only 1 gram of impurity per 1,000 grams of gold, whereas 995 fineness has 5 grams of impurities.
Market Preference: 999 fineness is often preferred for investments and bullion due to its higher purity, while 995 is commonly traded on exchanges like MCX.
Price Difference: Gold with 999 fineness typically costs about 0.4% more than that with 995 fineness due to its superior purity.
Jewelry Use: While both are classified as 24-karat gold, 999 fineness is rarely used in jewelry because it is too soft; 22K or lower is preferred for durability.
Investment Value: Investors seeking the highest intrinsic value generally opt for 999 fineness, as it represents the pinnacle of gold purity.
Global Standards: Both 999 and 995 are recognized international standards for gold purity, ensuring consistency in quality across markets.