Best Tips Before Buying Gold Coins in India
Gold is an integral part of Indian culture, Indian women like wearing gold jewelry and men love to gold investing for best performance. No matter in income levels, all Indian families have gold in one way or another and quantity depends on their financial strength. Many families spend in gold for future purposes such as child marriage, retirement, etc.
Whether you are thinking about investing in gold by buying gold coins in India, there are some best tips you must be taken to prevent the loss of money. Actually, here are some of the forms in which you could maximize your savings when investing in gold coins or bullion.
When thinking about buying gold coins – the first place that springs to mind is probably the local goldsmith, but plenty more options available to you provision if you want to buy gold coins.
1. Buy gold coins at the bank:A large number of Indian banks sell gold coins these days. Almost all the banks in India to sell gold coins in different weights and shapes. The banks sell only coins and bars 2.5 grams to about 100 grams in tamper-proof packings. Banks are most reliable places to buy coins of pure gold, because it is almost zero percentage possibilities for fraud. The weight of and the purity of are 100% accurate. Banks also offer certified of purity of the gold coins they sell.
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On the other hand, there are two disadvantages when deciding buying gold coins from banks. The first is the premium price at which banks sell gold, which is generally 10% – 15% compared to market price. In the second place they do not return to purchase gold coins from you. Upon leaving the bank after buying gold, that it is impossible sell gold back to the banks.
2. Buy gold coins from your local jeweler:Gold jewels stores are the most accessible for purchasing gold coins. They are selling the coins in a variety of weights and shapes. If you are religious, you can buy coins in the form of God you pray. Else you can be gripped regular gold coin that is available on the same manner as in banks.
The majority of the Indians will have a family jeweler, and whether they sell gold coins or bullion, then you may find that this is the most inexpensive option. In addition, they will be ready to purchase – back gold coins, and it is an additional benefit of buying them.