Kanpur Wealth Management：How to Buy Gold Coins in India？ – Guoabong Stock | Financial Investment Wealth Management Official Platform in India

Though jewellery purchase is a popular form of gold investment in India, gold coins can be purchased too. But before you buy one, keep these pointers in mind:

Check the purity of the coins, which will reveal the quantity of carat gold used in its making.

Check the authentic hallmark that works as an identification of purity.

The weight of the coin helps to know how many grams the coin is.

One of the places to buy gold coins is to buy them from banks.Kanpur Wealth Management

Benefits of Buying Gold Coins From Banks:

Offers discounts if the person buys the coins in bulk quantity.

Banks offer gold coins of the highest purity that is – 24 carat – 999.9 purity.

Tamper-proof packaging to the purchased gold coins.

Banks also serve as a certification of authenticity of the gold coins.

Many consider banks as the best place to buy gold coins in India as their reach is widespread in the country. And the gold rate is likely to remain the same across different banks or at least the same banks in different cities.

Alternatively, you can buy them from jewellers as well. However, keep in mind that not all jewellers would exchange gold coins for cash. Instead, they generally expect you as a customer to buy gold jewellery for the same amount.

Note that, the gold rate varies with jewellers across different cities within the same State and across the State as well.

You may also want to know the Best Ways to Invest in Gold

With the outbreak of the pandemic, gold buying has moved online too. Most of the jewellers launched digital platforms to enable buyers to purchase not only jewellery but also gold coins.

There are other digital platforms or mobile applications that have come up in the past year through which you, as a consumer, can buy gold coins. These platforms are backed by companies (such as Augmont Gold or MMTC-PAMP) that sell gold or are into gold trading.

While the buying process of gold appears seamless through these mobile applications or digital wallets, regulation is yet to be on a strong footing. Therefore, gold coin investment through these platforms is to be taken with a pinch of salt, despite being secure.