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Gold is a highly valued precious metal used in jewelry, currency, and investments. There are different types, each with its own characteristics, advantages, and disadvantages. Pure 24-karat gold is soft and expensive, while 18-karat and 14-karat gold are stronger and less expensive. 10-karat gold is the least expensive and least pure. 14-karat and 18-karat gold are the best for water resistance. It's important to consider budget, style, and lifestyle when choosing gold jewelry.