That's according to the U.S. Department of Housing and Urban Development.

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Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 9:12 am ET, was $2,910.10 per ounce. That’s up 0.42% from yesterday’s gold price of $2,897.93.

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In simple words, 24K gold is also called pure gold and has 99.9 per cent purity. It does not contain traces of other metals. On the other hand, 22K gold comprises 22 parts of gold mixed with two ...