Gold price in India and around the globe recorded a massive crash and is currently priced at Rs 1.73 lakh for 10 grams on January 30, 2025. For those who are unaware, 10 grams of gold in India was priced at around Rs 1.79 lakh yesterday. The sudden changes in gold prices have left buyers and investors off guard. Gold prices have been on a wild rally for the past couple of months, stretching budgets of people interested in buying gold jewellery. Many that I know of, are now looking for alternate metals for jewellery while a few are confused about the price difference between gold, rose gold and white gold. If you are also among the people who are unaware of the price difference, here’s what you need to know.
Gold or yellow gold
Gold, or yellow gold, is a globally traded commodity and one of the most common types of gold around the globe. Its price is determined by global supply and demand dynamics. But interest rates, inflation and geopolitics can also influence the prices. Several international benchmarks such as LBMA Gold Price. This price acts as a universal reference point, minimising significant price disparities between locations through arbitrage.
White gold
White gold is not much different from yellow gold as it contains the same amount of pure. However, white gold is usually more expensive as it is made by mixing expensive metals like palladium, platinum or silver with yellow gold to achieve that silvery appearance. White gold is also plated with rhodium to give it a mirror-like shine. The cost of producing white gold is also on the higher side as it contains an additional complex step.
Rose gold
Unlike white gold, rose gold is relatively cheaper than yellow gold. Rose gold attains its brownish colour when yellow gold is mixed with copper, which is significantly cheaper metal. It also does not require any additional polishing like white gold needs rhodium.