Here's a breakdown of its main uses:
Jewellery
- Gold's beauty and rarity have made it a popular metal for ornaments, rings, watches, and other decorative items.
- It's a traditional store of value and a popular investment, with demand for gold bars and coins remaining strong, particularly as a "safe-haven asset" during market downturns.
- Gold's excellent electrical conductivity and resistance to corrosion make it ideal for connectors and components in devices like smartphones, computers, and other electronic equipment, where even slight corrosion can disrupt low-voltage currents.
- It's used in dental fillings and prosthetics due to its inertness and compatibility with body tissues.
- Certain gold compounds are also used in treatments for conditions like arthritis, and gold nanoparticles are being explored for diagnostic tools and treatments.
- Gold is used to coat materials in spacecraft to reflect infrared radiation and protect against the harsh conditions of space. It's also used in some satellite temperature control systems.
- Glassmaking:
Thin gold films are used on large office windows to control heat gain and reduce glare.
- Catalysis:
Gold acts as a catalyst in industrial processes, such as the production of vinyl acetate, a key component for paints and adhesives.