The history of gold in India dates back thousands of years to when gold was used as currency and for making jewellery. Ancient India also considered gold a symbol of wealth, prosperity, and power. Today, India is one of the largest consumers of gold in the world, and buying gold is a popular investment and savings option for Indians. The demand for gold continues to remain high in India, and there are various ways to purchase gold, including physical gold, ETFs, sovereign bonds, savings schemes, and gold coins.
Out of them, gold coins are a popular investment option in India due to their cultural significance and hedge against inflation. Also, they have intrinsic value and liquidity, making them more precious for Gold selling companies and Gold buyers.
Read on to learn all you need to know:
Here are some important things to keep in mind before buying gold coins:
Remember, buying gold coins is a long-term investment, so consider all these factors before making a purchase.
Additional Read: Comparison between Gold Carats
It is important to keep in mind that the value of gold is subject to fluctuations, so it’s important to consider these factors before making a purchase or reselling. It’s always a good idea to purchase gold from a reputed dealer and keep the receipts and certifications for future reference.
Many companies in India sell gold coins and other forms of gold, including physical and digital gold. A few examples are nationalised and private Banks, Government mints, bullion traders, dealers, and jewellers. Also, several online platforms sell gold in different forms. Often, local jewellers sell gold coins or make jewellery as per the customer’s choice. Despite numerous options, you should always consider purchasing from a reputed seller to ensure quality.
On the other hand, whenever you want to sell the gold to earn cash, choose a reputed buying point like Muthoot Gold Point. We offer you 100% fair and precise gold selling, and ensure that you get the best price.