Facts you should know
FACTS ABOUT GOLD (19 Jun 2015)

Interesting Facts About Gold

Gold is a highly valued precious metal that is bright yellow in color. Gold is often seen as a symbol of a person's wealth. Here are some interesting facts about gold that you might not know before.



  1. The chemical symbol for gold is Au, from the Latin aurum, which means 'shining dawn'.
  2. Gold is bright yellow and has a high luster. Apart from copper it is the only non white colored metal. Gold's attractive warm colour has led to its widespread use in decoration.
  3. As pure gold is very soft, it is often combined with other things when making jewelry.
  4. Gold can cause allergies on the skin. This allergy affects more women than men.
  5. Gold is so ductile and malleable that an ounce of gold can be stretched to a length of over fifty miles or beaten into a sheet to cover a hundred square feet. A single gram of gold can be beaten into a sheet of one square metre.
  6. Gold can be made into thread and used in embroidery.
  7. Mixing of copper creates pink and rose tones in gold. The more the copper, the deeper will be the effect.
  8. The first discovery of gold in the United States was at the Reed Gold Mine near Georgeville, North Carolina in 1803.
  9. Some cars use gold for heat dissipation.
  10. The word gold derives from the Old English Anglo-Saxon word 'geolo' meaning yellow.
  11. Gold bars were made as early as 4000 BC.
  12. Purity of gold is measured in Carats. A carat was originally a unit of mass based on the carob seed used by ancient merchants.
  13. Great achievements are often rewarded with gold such as gold medals in the Olympic Games.
  14. In 1968, gold was made the official state mineral of Alaska.
  15. Throughout history, gold coins were often used as money. These have largely been replaced by paper money.


  1. India is the largest consumer of gold.
  2. A good thermal and electrical conductor, gold is generally alloyed to increase its strength, and it is used as an international monetary standard, in jewelry, for decoration, and as a plated coating on a wide variety of electrical and mechanical components.
  3. 75% of all gold ever produced has been extracted since 1910. It has been estimated that all the gold in the world that has ever been refined would form a single cube 20 m (66 ft) a side.
  4. The price of gold is fixed twice a day at 10.30 am and 3.00 pm at the premises of N M Rothschild by the five main Bullion Houses - Deutsche Bank, HSBC, NM Rothschild, ScotiaMocatta and Societe Generale. The first gold fix was on 12th September, 1919 and this tradition has continued in order to provide a publically quoted price as a benchmark to be used by producers and consumers.
  5. There is some gold in the oceans. However, there is only a small amount thus making it impractical to extract it from the oceans. It would cost more to extract it than you would make from selling the gold!
  6. Gold is perfect for use in coins and jewelry as it does not react with air or water like many other metals.
  7. Pure gold is non-toxic to human and does not cause any irritation when ingested. In fact, some alcoholic drinks contain metallic gold. Compounds of gold, such as gold chloride, are toxic to humans.
  8. In gold reserve, the United States ranks first in the world. However, if included the gold ornaments, then India will grab the top spot.
  9. Gold has always been a critical investment avenue for investors. Not only does it act as a safe haven during the time of crisis but also has an aesthetic value attached to it.
  10. Since the early 16th century, gold filling was recommended for filling the cavity.
  11. Physical ownership of Gold entails high risk and storage costs. Thus, over time various other safe and cost effective investment avenues have evolved. Gold Exchange Traded Funds (ETFs) and E-Gold are a few prominent examples.


  1. In the Periodic Table of Elements, gold is classified as a transitional metal with the following characteristics:
    • Symbol: Au
    • Atomic number: 79
    • Atomic mass: 196.96655 amu
    • Number of protons/electrons: 79
    • Number of neutrons: 118
    • Melting point: 1,064.43°C (1,337.58°K, 1,947.97°F)
    • Boiling point: 2,807.0°C (3,80.15°K, 5,084.6°F)
    • Density @ 293°K: 19.32 grams per cubic centimeter
    • Crystal structure: Cubic
    • Oxidation state: +1,  +3
    • Gold is classified as a "Transition Metal" which are located in Groups 3 - 12 of the Periodic Table. An Element classified as a Transition Metals is ductile, malleable, and able to conduct electricity and heat.