Close [X]
LOG IN
Close [X]
PLEASE LOG IN OR REGISTER

Sorry, you need to be a registered member and logged in to access this page.
Please login or register below.

REGISTER

It's easy, quick and FREE!



  1. #1
    satin's Avatar
    satin is offline Silver ILite
    Join Date
    Dec 2008
    City
    Chennai
    State
    Tamilnadu
    Country
    India
    Posts
    560

    Default Gold coins - 22kt or 24 kt?

    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


  2. #2
    ArathiSingh is offline New ILite
    Join Date
    Jul 2010
    City
    Hyderabad
    State
    Andhra Pradesh
    Country
    India
    Posts
    5

    Default Re: Gold coins - 22kt or 24 kt?

    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


  3. #3
    orion80's Avatar
    orion80 is offline Platinum ILite
    Join Date
    Sep 2007
    City
    Bangalore
    State
    Karnataka
    Country
    India
    Posts
    2,654

    Default Re: Gold coins - 22kt or 24 kt?

    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

    “You've gotta dance like there's nobody watching,
    Love like you'll never be hurt,
    Sing like there's nobody listening,
    And live like it's heaven on earth.”

  4. #4
    satin's Avatar
    satin is offline Silver ILite
    Join Date
    Dec 2008
    City
    Chennai
    State
    Tamilnadu
    Country
    India
    Posts
    560

    Default Re: Gold coins - 22kt or 24 kt?

    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!


  5. #5
    satin's Avatar
    satin is offline Silver ILite
    Join Date
    Dec 2008
    City
    Chennai
    State
    Tamilnadu
    Country
    India
    Posts
    560

    Default Re: Gold coins - 22kt or 24 kt?

    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




  6. #6
    orion80's Avatar
    orion80 is offline Platinum ILite
    Join Date
    Sep 2007
    City
    Bangalore
    State
    Karnataka
    Country
    India
    Posts
    2,654

    Default Re: Gold coins - 22kt or 24 kt?

    Quote Originally Posted by satin View Post
    I heard that we should not buy in large weight or the minimum one,
    Not sure what you meant by this.

    Quote Originally Posted by satin View Post
    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

    Last edited by orion80; 7th December 2010 at 12:24 PM.
    “You've gotta dance like there's nobody watching,
    Love like you'll never be hurt,
    Sing like there's nobody listening,
    And live like it's heaven on earth.”

  7. #7
    satin's Avatar
    satin is offline Silver ILite
    Join Date
    Dec 2008
    City
    Chennai
    State
    Tamilnadu
    Country
    India
    Posts
    560

    Default Re: Gold coins - 22kt or 24 kt?

    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


  8. #8
    mjecintha is offline Junior ILite
    Join Date
    Apr 2009
    City
    Coimbatore
    State
    Tamil Nadu
    Country
    India
    Posts
    72

    Default Re: Gold coins - 22kt or 24 kt?

    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


  9. #9
    sukal's Avatar
    sukal is offline Junior ILite
    Join Date
    Feb 2010
    City
    chennai
    State
    tamilnadu
    Country
    India
    Posts
    92

    Default Re: Gold coins - 22kt or 24 kt?

    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.


  10. #10
    smilealwayss's Avatar
    smilealwayss is offline New ILite
    Join Date
    Nov 2010
    City
    CHENNAI
    State
    TAMILNADU
    Country
    India
    Posts
    46
    Blog Entries
    9

    Default Re: Gold coins - 22kt or 24 kt?

    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


Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
All times are GMT +5.5. The time now is 01:55 PM.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283