Gold Coins: Everyone thinks that investing in gold is always beneficial. But now the situation has changed. The price of 10 grams of gold is around Rs. It is up to 50 thousand rupees. In this context it is necessary to reconsider the matter of investing in gold at such a high price.
Everyone thinks that investing in gold is always beneficial. But now the situation has changed. Because the price of 10 grams of gold is almost Rs. It is up to 50 thousand rupees. In this context it is necessary to reconsider the matter of investing in gold at such a high price. Although your bank relationship manager has advised you that investing in gold is the best plan for your child’s wedding, it is a good idea to rethink this topic in the current circumstances.
Gold coins to buy a can ?
If your KYC (Know Your Customer) is completed with the bank you can go to the concerned branch and buy gold coins very easily. Some banks have made the NetBank option available for the purchase of gold coins. If the purchase is more than Rs 50,000, the PAN card details should be obtained. Use due to
the purchase of coins .. There are many ways to buy gold these days. But the best way is to buy gold in physical form. If you are looking to start saving for a child wedding the best way is to hoard gold instead of buying jewelry for coins. -Gold is a great metal. Things like corrosion do not happen
Pure gold (99.9%) can be purchased in the form of coins.-Gold can reduce depreciation charges and manufacturing costs.
Also Read: Gold ETF: For those who invest in gold like this … huge profits …
-You can sell coins to buy the newest designs in gold jewelry at the wedding.
Bullion Coins .. It is
very common to use bullion coins for investment or business purposes in gold. These are tested at government approved centers for purity. Bullion coins made through government facilities are specified based on market price. You can also buy gold coins online. However, these have a premium price. Banks sell gold coins in India. 24 carat gold is offered. Some reasons to suggest not to buy them from the bank ..
1. Premium Prices ..
Banks sell the most authentic coins. They are usually imported from Switzerland and other international mining companies in the West. As a result banks charge a rate 7 to 10 per cent higher than the market rate. You should know that rates in the gold market are already high. It is not profitable for you to invest on a premium on a high priced item.
2. Coins cannot be sold back to banks .
According to the Reserve Bank of India (RBI) guidelines, banks do not buy gold coins. Even if you have already bought gold from a bank, you cannot sell them back to the bank. In these cases you will have to go to gold or jewelry stores and sell again at market price.
3. Ca n’t make money easily
If you need money urgently you have to go to a pawn shop or local cash shop. So if you want to buy gold coins you should take it from a trusted person. Also the bill must be maintained when reselling. Even if the price goes up in the future, you should ask in advance if you can sell in that jewelry shop for money to avoid other problems
