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Nitric Acid is a strong acid with chemical formula HNO3. It is also known as the spirit of niter and aqua fortis. In its pure form, it is colourless but as it gets older it turns into a yellow cast. This colour appears due to the decomposition of Nitric acid to oxides of nitrogen and water. It is highly corrosive and toxic. It causes severe skin burn. It reacts with hydroxides, metals, and oxides to form nitrate salts.