[satin]

I am planning to buy some gold coins for a huge amount but am not sure which one to buy,shoudl I go for 22kt or 24 kt ones,I will be using it to buy jewllery later probably after 10 yrs or so or I will also keep it as an asset and pass it on to my children.ANy input would be useful.


thanks

[ArathiSingh]

HI,

I suggest you to go for ICICI or AXIS Bank gold coins . These banks have in 1gm,2gms,5gms,10gms denominations. The gold will be of 99.9carats gold which is 24kt.

Thanks,

Arathi

[orion80]

Please go for certified gold coins. As Arathi mentioned, they are 24kt gold.

Non-certified gold coins dont get the same rate of return as 24kt certified ones as the jewellers say that they might not be 100% pure or show less purity than they actually are.

-Lakshmi

[satin]

Thanks Arathi and Lakshmi for your input! Definately your input will be very very helpful for me as I am investing a huge amount in it!Thanks again!

[satin]

One more question,I am planning to buy around 200 grams,I heard that we should not buy in large weight or the minimum one,which one do you both suggest,I mean should I go for coins in 2 grams or in 50 grams,would like to hear from you and others.

thanks

[orion80]

I heard that we should not buy in large weight or the minimum one,

Not sure what you meant by this.

I mean should I go for coins in 2 grams or in 50 grams,would like to hear from you and others.

Purchasing 2 grams or 50 grams depends on what is the end goal of the gold purchase. If you want to purchase gold now and exchange for jewellery later, then it would make sense to buy small weight coins. That way, you can exchange just the right amount of coins for the jewellery.

If you want to sell the gold after it has reached good price point, then check for the price difference between small weight coins and the bulk weight coins. Take a call depending on the price difference.

-Lakshmi

[satin]

Purchasing 2 grams or 50 grams depends on what is the end goal of the gold purchase. If you want to purchase gold now and exchange for jewellery later, then it would make sense to buy small weight coins. That way, you can exchange just the right amount of coins for the jewellery.

If you want to sell the gold after it has reached good price point, then check for the price difference between small weight coins and the bulk weight coins. Take a call depending on the price difference.

-Lakshmi



Yeah most probably I will be exchanging it for jewellery after some time,say like 10 yrs..think like you said I need to go and discuss in detail with them so that I can know the price difference and then decide.Thanks for the reply

[mjecintha]

I would suggest you to buy from tanish as they wud be certifying you and tht wud be accepted world wide. and do go for a 24C as u mentioned u wud be using it for ur future..

or else u can just buy a share of gold as tht also is as good as buying a hard gold

[sukal]

My suggestion would be:
go for 24t
to avoid wastage try to go in for max. weight in your budget as gold bars
bank coins cost much higher, tanishq, i feel is better option.

[smilealwayss]

hello Satin

Its true that if you buy coins from jewellers like Tanishq and Tata gold plus , those will be certified and can be exchanged with no loss of money for any jewel you wish to buy later on.........
where as if its from some bank then the purity test of the jewel shop will lead to some amount of loss in terms of purity.
and yes its standard practice to charge for the making of the coins .. its more for one gram and then less for 4 gm, and lesser for 8 gm........[just for eg if its Rs.75 for 1 gm ,it ll be Rs.[60*4] for 4 gm and it ll be Rs.[50*8] for 8 gm]

and in ur case if the final intention is making jewels its good u buy the max. weight coin like 8 gm[or more] where by the making charges r less

happy investing and tc