Comments on: How to buy gold coins in India?

By: Cnu

Cnu — Wed, 23 Nov 2011 10:02:46 +0000

According to international market

By: Cnu

Cnu — Wed, 23 Nov 2011 10:01:33 +0000

How to declare the gold price in daily.

By: Manshu

Manshu — Tue, 15 Nov 2011 18:42:11 +0000

That’s an important thing to mention when you talk about just the past 10 years in my opinion.

By: Samruddha Salvi

Samruddha Salvi — Tue, 15 Nov 2011 18:35:54 +0000

Well in that time frame it has given a modest returns around 9-10% … but at the same time one must have invest via SIP to get those kinda returns.. the gold hasnt enjoyed great growth post oil shock of 1980. Its performance has added only in last 10 -12 years.. considering the same gold can always be as an good asset class diversification in the range of 5-10% in portfolio.

By: Manshu

Manshu — Tue, 15 Nov 2011 18:25:10 +0000

What about the ten years prior to that? What was the return in that time frame?

By: Samruddha Salvi

Samruddha Salvi — Tue, 15 Nov 2011 15:52:35 +0000

Well you got interesting write up on the gold coins, though I would personally always suggest for Gold ETF if one seeks an investment. But it is also to note that very few people know that if one invests in gold as an SIP (by doing monthly investment), we can see that gold has given 19% returns CAGR from 2001 to 2010. In similar time frame the sensex has also given 19% CAGR. For more you can check: why invest in gold

By: sumathi

sumathi — Fri, 04 Nov 2011 14:00:42 +0000

How can i buy gold coin by post office
how must should i pay

By: anand

anand — Fri, 28 Oct 2011 06:00:09 +0000

i have seen a number on bank of baroda 10 gm gold bar, i would like to know what is that no.?? is it something like unique code containing detail about gold and does very bank have this code or is it good to but with a code on it?

By: Ankit

Ankit — Thu, 06 Oct 2011 17:43:50 +0000

today i bought a 10grm gold coin 99.50 purity of NIBR from local jeweller shop in thane. after inquiring a little detail from various shops, i found that coins are being sold with calculation of 99.50 gold rate in market + 2% vat + additional charge termed as coining charge, various from jeweller to jeweller.

in my case i was charged 80 Rs. per gram (this is the lowest i found after inquiring 4-5 jewellers). along with the deal jeweller told me that i can exchange this coin with any jeweller, when buying jewellery.

i have few question still to be answered
1. was the deal i had, is a fair deal?
2. when i will exchange this gold coin with jewellery, i am not suppose to pay any vat on that jewellery equivalent to coin wt. am i right or wrong at this point?
3. how the exchange deal will happen if jewellery i select in exchange is of less purity let say, 958 or 917, whereas my coin is 995.

Thanks in advance

By: Manshu

Manshu — Tue, 04 Oct 2011 00:31:48 +0000

Yeah it does sound high – I normally hear these charges in the range of 10% but if you are actually purchasing jewelery then I am not an expert on that so can’t say with certainty.