GOLD
: GEOGRAPHY
NEWS
: What
to make it desirable
WHAT’S
IN THE NEWS ?
Each of the Nobel Prizes to be awarded from October 7 will include a
medal of electrum, an alloy of gold and silver, plated with 24
carat gold.
GOLD:
- Aesthetic Appeal: Highly valued for its
beauty, making it popular for jewelry and adornments.
- Corrosion Resistance: Excellent durability
ensures longevity in various applications.
- Malleability and Ductility: Can be shaped into
intricate designs and thin sheets.
- Conductive Properties: Ideal for electrical
connectors and components in electronic devices.
- Tarnish and Oxidation Resistance: Maintains its lustre over
time.
- Stable Store of Value: Used as an investment
hedge against inflation and economic instability.
- Scarcity: Limited availability enhances its
desirability.
- Historical Significance: Traditionally used as
currency, adding to its value.
- Industrial Applications: Utilized in electronics,
medicine, and aerospace due to unique properties.
- Cultural Significance:
Associated with wealth and status, further contributing to its appeal.
Source : https://www.thehindu.com/sci-tech/science/what-is-gold/article68724025.ece