Metals; gold, non-monetary, powder

HS code 710811 covers the classification of gold in non-monetary powder form. This industry is a crucial component of the precious metals trade, providing raw materials for a wide range of applications, from jewelry and electronics to industrial processes. As a highly valuable and versatile commodity, the production and trade of gold powder plays a significant role in the global economy.

Gold powder is typically produced through a process of mechanical grinding or atomization of gold bars or ingots. The gold is heated and then forced through small openings, creating a fine mist that solidifies into small, spherical particles. Alternatively, the gold may be ground into a powder using specialized milling equipment. The resulting powder is then sorted and graded based on factors such as particle size, purity, and consistency.

The primary input for the production of gold powder is, of course, gold bullion or bars. Additionally, the industry requires specialized machinery and equipment for the grinding, milling, and sorting processes. Energy sources, such as electricity or natural gas, are also necessary to power the production facilities. Finally, the industry relies on a skilled workforce to operate the equipment and ensure quality control throughout the manufacturing process.

The primary output of HS code 710811 is gold powder, which is then used as a raw material in a variety of industries. This includes the 711311 Jewelry and goldsmiths' wares industry, where gold powder is used in the production of jewelry and other decorative items. The 854430 Insulated wire, cable and other insulated electric conductors industry also utilizes gold powder in the manufacture of electronic components and circuitry. Additionally, gold powder may be used in 901890 Instruments and appliances used in medical, surgical, dental or veterinary sciences and other industrial applications.