China's National Standards for "High Pure Gold" Comes Out

Authorities have released the first national standards on "high pure gold," a move that is likely to boost the country's gold consumption.

"High pure gold," as it is called in the standards, refers to the gold with purity of 99.999 percent, or "five nines," and is also the highest purity so far, a spokesman with the National Gold Standardization Technical Committee said on Sept. 16.

Generally speaking, a gold ornament with an amount of metal reaching 99 percent is called "pure gold," and more than 99 percent is called "thousand pure gold."

Currently in the Chinese market, the highest purity level of a gold ornament usually reaches 99.99 percent, or "four nines."

The new standards, approved by the the General Administration of Quality Supervision, Inspection and Quarantine and the Standardization Administration of China, went into effect this month, according to Sun Zhaoxue, president of the China Gold Association.

Source: Xinhua