Price Calculation for 24 Carat Gold
Buying gold 24 carat Gold coins bars is relatively easier as compared to jewellery. It offers you the option to buy the purest form of gold in the minimum weight of 0.5 grams with lower making charges and no wastage in comparison to ornaments like earrings, rings etc. Usually, gold coins and bars are available in the market ranging from 0.5 grams to 50 grams in weight.It is advisable that one must buy gold coins in a tamper proof packaging. The packaging is a guard against counterfeiting, fraud, and damage. Jewellers recommend that one should not tear or open the tamper proof packaging of the gold coin in case one intends to resell it, as the packing ensures the credibility of the purity of the gold coin.
Why buying gold bullions are considered the best investment in India?
In a multi-cultural country like India, gold jewellery holds a special value. Here, while jewellery is worn and purchased with incredible fervour, gold coins do not generate much interest and excitement. Although most of the Indian families follow the belief that purchasing is one of the safe investments, not may are able to think beyond traditional gold jewellery shopping. But, if you have been thinking about investing in gold, here are few significant points that explain why you should consider 1, 2, 5, 10, 20 or 50gm purity gold coins as the best investment.
Every piece of jewellery is made by transforming raw gold into various shapes through soldering and cutting. Thus, some gold gets scraped away which is known as wastage. Most of the Indian jewellery stores add up these wastage charges in the overall price, and hence, some of your money gets wasted. On the other hand, gold coins are usually minted instead of being designed. This ensures that you are not paying any extra money for the wastage of gold. So, whatever you spend on a 50gm gold 995 purity coin, you get full returns on that.
However, BIS hallmarking scheme is voluntary, not all jewellers offer hallmarked BIS jewellery.Some jewellers offer their in-house hallmarking of jeweller ..
Low making charges
If you buy 50gm gold in the form of jewellery you will be charged a considerable amount of money as the making charge. The more intricate your jewellery is, the higher is the making charge. But gold coins are offered in both forms - designed and simple minted ones. From these you can choose the one that appeals you the cost and can save large amount of money which you would have spent as the making charge of jewellery. This makes a 50gm gold coin a considerably better investment option.
Easy to maintain
Unlike gold jewellery, which needs regular polishing and proper storage 995 purity 50gm gold coins are easy to maintain. This minimizes the risk of damage, loss and reduction of gold because of polishing.
The precious yellow metal is often bought back the gold traders on the basis of weight, regardless of the fact that whether it is a simple coin or a beautiful piece of jewellery. When you try to resell your gold jewellery, you'll certainly get a good market price for its weight but the money paid for its designing & making, gets deducted from the overall price which may range somewhere between 10 - 30 percent of your purchase price.
On the other hand, the gold coins are often accompanied by their purity certificate which helps you to calculate the value of your coin easily and it gets sold a without much deduction. Usually the purity certificate of a gold coin, mentions its purity in its description like a 10gm, 20 gm or 50gm gold coin 995 purity. Also, as you have not paid anything as the wastage or making charge, the returns on investment are quite high.
So, if you are planning to buy a 995 purity 50gm gold coins, ensure that you collect all the information pertaining to its purity and quality. Especially, if you are planning to buy 50gm gold coin online, be very careful about the purchase and enquire enough about the e-store.