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In India, gold is one of the most popular metals in terms of both investment and sale. Gold is not only about flashy ornaments, but also about a form of saving and good returns on the money that is invested in it. Gold plays an important role in Indian weddings and during major festivals like Laxmi pooja and Dussehra. These are the times when people want to buy the gold in its purest forms. A gold coin is a direct way of investing in gold apart from buying gold jewellery. The purity of these coins varies from 22 to 24 carats and are available in different sizes such as 1,2,5,10,20,50 and 100 grams. Many sellers guarantee their purity too. In India, retail investors prefer buying gold coins which can also be used to make jewellery.
Remembering a few simple steps while buying gold coins could ensure that you get the best value for money.
There are three main purposes behind purchase of gold coins: personal savings, family gifts or corporate gifts. The demand for gold coins tends to be high during festivals and wedding seasons. Individual investors generally purchase gold coins for saving purpose. Below are the reasons why you should consider buying gold coins:
Gold coins have always been a time-honoured part of traditional investment plans, here’s why:
Where can I buy gold coins?
Gold coins are primarily sold at jewellery outlets. You can also purchase gold coins from the post office and banks and online websites.
What is a better option - Gold coin or gold jewellery?
24 Karat gold coins are a better investment than gold jewellery as making charges for coins are cheaper. However, it is highly subjective and depends on for what purpose you are buying gold.
What do the marking on the gold coin mean?
The marking denotes the purity of gold coins. The most common markings are 24K (Karat) marking, 18K marking, 14 Karat marking, 10K marking, HE marking and GE marking. The purest gold is 24K.
Can I buy a gold coin from city X and sell it in city Y?
Yes, you can. Gold coins are universally recognised, and therefore they are easy to sell.
What are the different denominations of Gold Coins?
Gold coins are prepared in various denominations ranging from 0.5 grams to 100 grams.
Are there any making charges for gold coins?
Yes. The making charges for gold coins generally ranges between 3 to 11 percent.