Where To Buy Gold In India
Gold is one of the most coveted metals in the Indian sub-continent. From weddings to anniversary to birthdays, Indians have been buying and stacking gold for centuries. Gold is considered a symbol of prosperity, purity as well as stability in the Indian culture.
Considering the soaring prices of gold over last several years, gold has become an excellent tool of investment. Gold deposits and gold certificates too have been launched by financial organizations for customers who do not want to buy physical gold but want to invest in the metal because of high associated returns.
Out of the several avenues available for buying gold, some of the most popular ones in India are listed here.
Also check : Today’s Gold Rate in India
Online gold purchase through banks
Pure gold in 24 carat can be obtained online via various banks. Banks like ICICI, HDFC, Axis Bank etc. offer customers an option to procure gold online. Customers just need to login to their online banking accounts, place the order for buying gold and then visit the nearest bank branch to receive their gold coin. Most banks assure highest purity of gold and offer comfortable denomination starting from 0.5g and going up to 100g for customers to buy. The gold that is bought online is generally delivered in a tamper-proof package along with certi-card that guarantees purity.
Wholesale buying of gold
Retail buying of gold
Buying gold through jewelry websites
Rates of gold in India
Selecting Your Gold/silver Bullion Coins & Bars
Once youve settled on the right dealer, your next step will be deciding the type of precious metals merchandise you would like to purchase. Precious metals come in a variety of shapes, sizes and styles, so customers should try to familiarize themselves with their different options. Customers should also be sure to understand the premium policies and investment benefits of these options as well.
When buying precious metals, customers should first decide which forms of precious metals they intend to purchase. Some common forms of bullion include coins, rounds and bars. Coins are the most recognized of the bullion forms because of their use as currency. Their stunning designs make them ideal for customers who want to display their investments. However, due to mintage restricting by the government, coins are often produced in limited quantities, making them quite valuable as both collectibles and investment pieces. Their rarity is also the reason they carry higher premium rates than other precious metals bullion.
With their flat, disc-like shape, rounds are often confused with coins however, unlike coins, rounds do not have a circulating face value. Their value is based solely on precious metal content. While the premium rate for a round is lower than that of a coin, it is important to note that their premium rates increase and decrease inversely with the size of the round. In other words, the smaller the coin, the higher the premium over spot.
The Best Places To Buy Gold
You may wonder if it is cheaper to buy gold in certain countries. At times, gold prices may be higher or lower depending on your location. This fluctuates depending on availability and demand locally.
Between travel or shipping costs and import duties, you will find that buying gold in a different country doesn’t end up saving you any money in the end.
In terms of the best places to buy gold, you should go through a legitimate dealer. Trust me, I’ve tried to find better deals on auction sites or in peer-to-peer trades. The truth is that you’ll rarely save more than a few dollars, if at all.
Safety and security are also important concerns when you buy physical gold. In this regard, buying through a professional dealer is far safer than the alternatives. It is the safest way to purchase gold, in fact. Overall gold has proven to be a stable, safe investment over many decades.
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Top 10 Places To Buy Wholesale Gold Bullion In India
India is a country where interest in gold has deep historical roots and is richly intertwined into the tapestry of Indian culture and lifestyle. Its hard to imagine the Indian way of life without an abundance of rich gold jewelry décor symbolizing the prosperity of its wearers. However, in the light of the recent global economic crises many Indian investors turned their attention to buying gold bullion in India at wholesale prices as a very cost conscious way of investing in actual gold weight opposed to gold jewelry or rare gold coins with unnecessary mark ups that inadvertently drive up investment costs.
Just like anywhere in the world, wholesale gold bullion dealers in India allow its customers to purchase gold bullion bars and coins at discount prices if you meet their purchase minimum requirements. Below you can make yourself familiar with Top 10 Places to buy wholesale gold bullion in India. Also check out factors affecting gold price in india.
1. Raghav Gold, India specializes on wholesale gold bullion in India sales.
2. LMP Commodities Private Limited
3. M. Lilaram & Co will not only allow you to purchase gold bullion at wholesale prices but to also acquire high quality gem ad jewelry pieces in bulk.
4. Vijay Associates are wholesale gold bullion in India suppliers
5. Monko Miners Groupe Sari specializes in wholesale gold bullion transactions
6. Blue Dot International India is your destination for wholesale gold bullion dealers
Investing In Gold Coins
There are all sorts of gold coins from the Chinese Panda to the American Eagle. Some coins are more expensive than others because they are rare, beautiful or antiques these are known as numismatic coins, and they have value as collectibles over and above their value as gold coins.
But if you are simply looking to track the gold price, then ignore these numismatic coins and focus on those that offer the cheapest premium’ over the spot price .
First produced in 1967, the one-ounce South African Krugerrand is the most common gold coin on the planet and so normally trades at the cheapest premium over the spot price. Other good options are the sovereign and the Britannia. Both of these are still officially UK tender , which means that if you sell them at a profit there is no capital gains tax to pay.
Regardless of how you buy your bullion, there is no stamp duty or VAT to pay.
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Buy Gold In Workable Sizes
Gold bar buyers should consider the ease with which they can liquidate the bars as part of the buying process.
For example, if gold is selling at $1,400 per ounce and an investor has $14,000 with which to buy gold bullion, they will usually have an easier time selling the gold down the road if they buy 10 one-ounce bars rather than one 10-ounce bar. They can sell the one-ounce bars one at a time as needed, while they might have a harder time finding a buyer for the 10-ounce bar if they need to sell quickly.
Conversely, considering the tiny size of one-gram gold bars, investors sometimes save up to buy bars of a more substantial size.
Direct Access To The Biggest Gold Bars
To retain Good Delivery status, the big 400-ounce bars of gold traded by refineries, central banks, wholesalers, bullion banks and professional dealers must remain inside secure, recognized gold bullion vaults.
Take these gold bars out of market-approved storage – even to store at your bank – and they break the chain of integrity that guarantees each bar’s gold to the next buyer.
It’s the integrity of Good Delivery gold bars that ensures maximum resale when you come to sell. But until recently, private investors couldn’t easily access this market unless they were able to buy a whole 400-oz bar. Nor could they arrange market-approved storage unless they owned five big bars or more.
At BullionVault, however, you can now buy gold in amounts as little as one gram at a time. Stored in market-approved gold bar facilities, your gold will retain its maximum resale value. Storage fees for owning a portion of these big gold bars run as low as 0.12% per year, with insurance included. Estimate your commission and storage fees using our cost calculator.
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The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Buy Gold Online And Have It Stored For You
An alternative way to buy physical bullion, and have it stored conveniently for you rather than taking delivery of it, is via a website which allows you to buy gold online. One of the best known is British firm BullionVault. It offers the option to buy gold which is held in vaults in Switzerland, London and New York. It conducts a daily independent audit of its holdings, and will also allow you to take physical delivery of your gold if you so wish. A similar service is offered by James Turk’s GoldMoney.
At MoneyWeek, we’ve been tipping gold since 2001. In that time it went from $250 to $1,900 an ounce in 2011 , hitting record highs each year since 2002.
Successful investing is about the diversification and management of risk. It makes sense to have a part of your wealth invested in gold.
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How Do I Store My Gold
The benefitof owning physical gold is that you have it to hand if you are genuinely concerned about complete financial or societal breakdown. We’ve always described gold as insurance, and if you think things could get to the point where all financial assets are essentially worthless, then having access to gold coins would be useful.
The key problem with taking physical delivery is that you have to look after it. You will need to store it securely. A safe is the most obvious option, or outside the home ina bank safe deposit box. If you do store the gold at home, and you want it to be covered by your home insurance, you will of course need to tell your insurer. Depending on how much gold you have, this could potentially bump up your premium.
Know Your Alloys And Colors
Pure 24-karat gold appears yellow but it isnt always practical to purchase pure gold because it is soft, malleable and expensive.
This is why, as weve discussed, jewelers have come up with a method to mix gold with other stronger metals. Since these items are usually not more than 18-karat gold, the other metals influence the yellow color and yield an alloy with a different color.
When buying gold, you are not only limited to the golden yellow color. Here are some of the colors of gold you need to know:
- Yellow gold This is the color that comes to mind when we say gold. In fact, the word gold is in our vernacular as a color, likened to honey or sunshine. However, not all gold yellow jewelry is actually gold. As you know, plating is common to golden jewelry and sometimes it is intentionally done to keep the yellow gold appearance
- White gold – This looks like a brighter version of silver. It is as popular as yellow-gold for engagement rings. White gold is sometimes paired with yellow-gold in items more commonly known as two-toned. White gold is made of white metals that are stronger than gold.
- Rose gold – A gold alloy with a pinkish hue, rose gold has become an engagement ring sensation! To achieve the pink blush, copper is added to gold, often 14 karats or 58.5% purity. The highest karat version of this alloy is known as Crown Gold, made with 75% gold and 25% copper.
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How Do You Buy Gold Wholesale
We stand by our tagline here at SDBullion.comThe Lowest Price. Period.
You can buy gold bullion at wholesale prices either in heavy volume through our website or over the phone with us here.
Our highly trained experienced staff can help answer your specific gold bullion product related questions including product choice preferences, delivery options, etc. We can even help you set your very own direct professional non-bank secure logistics long term gold bullion storage account domestically . Many of the gold bullion storage firms we work with have been in the bullion safekeeping business since the 1800s.
We are committed to helping you make your best wholesale gold bullion buying choices combining low prices, long term storage safety, with your best interests and buying perimeters fully considered.
Is Buying And Selling Gold Profitable
Buying and selling gold can be profitable depending on the price at which the trader purchases and sells their gold. Prices can however move swiftly so setting gold price alerts at your desired level to buy or sell can be invaluable. Track the changing price of gold using BullionVaults live gold price chart.
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Cost Savings When Buying In Bulk
In the same way, buying coins and bars in bulk allows the buyer to benefit from significant savings on factors such as admin fees, shipping, insurance, packaging, etc. These are costs that any buyer incurs even if they are buying smaller quantities, however, when these costs are spread over larger volumes, they are much lower per ounce of gold. The cost of insurance greatly reduces per ounce, while a bulk purchase may well attract free shipping. This creates price advantages and the buyer can enjoy greater savings on every shipment.
Should You Buy Coins Or Bars
You can buy bullion in two main forms: coins or ingots . The advantage of gold coins over gold barsis that they allow you to be more flexible. After all, it’s easier to sell 20% of your gold if you ownten gold coins rather than if your whole investment is in one gold bar. By the same token, given this flexibility, you’ll probably find that coins are that bit more liquid than big bars. That said, if you want to buy a sizeable amount of gold, then bars might make more sense from a practical point of view.
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Can Precious Metals Be Purchased At Wholesale
The short answer to the question of whether precious metals can be purchased at wholesale is yes, although there are some moderately high barriers to entry. Buying your silver at wholesale or in bulk is an excellent way to either build up an inflation proof nest egg or to invest in silver for later resale.
The advantages to buying silver at wholesale are obvious. You are paying less than retail for the metal, which means that you can obtain much more of it than you would otherwise have been able to. If, for example, you have enough money to buy 10,000 ounces at retail, using the same money to buy wholesale at 60% of retail would permit you to buy 16,667 ounces instead. This is obviously quite a difference.
Furthermore, the price of silver will not need to rise much for you to make a handsome profit at retail, if you are buying it for investment rather than as a store of value. If you are expecting even a modest rise in silver prices, buying the metal now at wholesale will allow you to pursue the classic, timeless maneuver of buying low and selling high, or at least higher.
Paying For Bulk Purchases
When purchasing an item in bulk, you simply need to select the product you wish to order, enter a quantity that falls within one of our bulk pricing tiers, and add it to your Shopping Cart. The default cart price is our regular pricing one must first select the payment method before the discounted price for ACH, paper check, bank wire, or bitcoin orders will appear.
As with smaller purchases, JM Bullion customers have many payment options for bulk orders: credit/debit card, PayPal, paper checks, bank wires, and bitcoin. Please be advised, some forms of payment do have certain restrictions. Customers will typically pay for their gold and silver bulk orders with checks, bank wires, or ACH because of the 4% payment discount and higher maximum order sizes associated with those payment methods.
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Where Can I Buy Gold Wholesale Where To Buy Gold Wholesale
You can acquire gold bullion at wholesale prices from the largest high volume gold bullion dealers like ourselves here at SD Bullion.
Again to achieve your lowest price point over the gold spot you will want to buy in high volumes and typically in the popular gold bullion products, we carry which have vast and robust secondary markets, not merely here in the USA but around the physical gold bullion trading world.
For example, the 400 oz gold bars pictured below are cast in Switzerland. Likely they represent the lowest gold price one can acquire over gold’s fluctuating spot price for those parties thinking of allocating high seven to eight dollar figures into gold bullion.
Two PAMP Suisse 400 oz Gold Bars pictured above
The 400 oz gold bars pictured above are typically the size gold bars used by governments and their central banks, as well high net worth investors and financial institutions.
Just two of these gold bars represent over one million US dollars in value currently.
The two gold kilo bars pictured below are cast in the USA and Canada respectively.
Likely they represent the next level lowest gold price one can acquire over spot for those parties thinking of allocating large dollar figures into gold bullion. Gold kilo bars are becoming the new standard for eastern central bank and gold futures market trading .