Muthoot Gold Bullion Corporation Metal 24k (999.9) Yellow Gold- 2 Gm + 10% off via HDFC Bank5 Cards

how 9610?

I think better price on coins through flipkart

its 9774 after card discount

Can we sell these coins offline?

karthi4052752 wrote:

I think better price on coins through flipkart

Same price on Flipkart

akamit830451 wrote:

Can we sell these coins offline?

Yes you get the same price as on mcx

jankey wrote:

Yes you get the same price as on mcx

“same price”!
You mean with deductions – right?

akamit830451 wrote:

Can we sell these coins offline?

Since Muthoot is everywhere, yes. Yes you can.

Please someone tell who has experience in buying and selling gold coins

Good deal

good price with hdfc CC

jankey wrote:

Yes you get the same price as on mcx

theory or practical? And what is mcx?

andromeda wrote:

theory or practical? And what is mcx?

Mcx is an exchange where gold is traded like ither metals.
Usually they buy on the current price on mcx or last closing price Of 24k

jankey wrote:

Mcx is an exchange where gold is traded like ither metals.
Usually they buy on the current price on mcx or last closing price Of 24k

So do they buy physical gold and is it available pan India?

From my experience exchanging physical gold for real cash is little pain in abc. Each player(muthoot, malabar etc) in market has their own rules/terms, and on top of that their stores has different set of weird rules, overall making the process little tedious.

If one is buying a gold item from them, they will be ready to go to any extent in exchanging the coins.

ROBINRIDER003 wrote:

Please someone tell who has experience in buying and selling gold coins

redeemed one of the muthoot 24k gold coin / pendent at Tanishq while purchasing jewellery. no issues faced

I am no expert however I would like to share how things have worked for me in Gold coin trades.

Usually, I would purchase Gold coins to sell them soon after getting delivery, hence thinking of it as a trade, where we get out of a holding as soon as we find fit, rather than investment, where we sit tight and let the asset’s price appreciate.

Assuming 10 grams of gold is priced at 50000 INR in the market (not MCX as there is usually a gap between the two, the market price being higher more often than not), I’ll try to calculate two things: how much over 50000 I have to pay to get the gold and how much I’ll get when I sell it off.

Mostly, Gold coins from various brands are priced 8 to 13% over the market price on online portals. Also, while you are selling it, various buyers will deduct a varying amount and you’ll get anywhere between 3 to 10% less than the market price in the case of 24 Carat. This deduction may be more than that for items with 22 carats or less purity.

So you will be paying around 54000 to 56500 and you’ll get 45000 to 48500 – roughly.

Now, is the discount we are getting covering this gap – is a good question to ask. At times when we can combine offers or once in a while when they price it 3 to 5% over market price like it used to be 4 – 5 years ago, it’s a different ball game.

PS. I have considered my trading intention here. A different perspective may need a different set of calculations. I haven’t included the details like which brand, where to sell/where I sell, taxes, and why deductions for simplicity. On MCX, trades are done in lots, taking minimum tradable amount into lakhs unless you go for options, as far as I know.

ROBINRIDER003 wrote:

Please someone tell who has experience in buying and selling gold coins

In tanishq/pcj/blah blah you’re not going to face any problem but in local market yes it’s a problem, they don’t accept straight away. But muthoot is an exception. It’s widely acceptable. Mmtc pamp is what the local jewellers are not accepting in my region at all.

jankey wrote:

Same price on Flipkart

Too confident. Did u even check flipkart?

karthi4052752 wrote:

Too confident. Did u even check flipkart?

Of course

jankey wrote:

Of course

2gm.candere coin costs 9400. I just did a rough search

karthi4052752 wrote:

2gm.candere coin costs 9400. I just did a rough search

Dont do rough search, do a proper search.
I checked for kalyan 2g 999

jankey wrote:

Dont do rough search, do a proper search.
I checked for kalyan 2g 999

And got how much price?  https://dl.flipkart.com/s/iX1g...NN

karthi4052752 wrote:

And got how much price?  https://dl.flipkart.com/s/iX1g...NN

Are you dumb?

Take a look at this Candere by Kalyan Jewellers GCK0002 24 (999) K 2 g Yellow Gold Bar on Flipkart
https://dl.flipkart.com/s/_AS_...NN

It shows 10498
And get 10% off on icici, it becomes cheaper.

jankey wrote:

Are you dumb?

Take a look at this Candere by Kalyan Jewellers GCK0002 24 (999) K 2 g Yellow Gold Bar on Flipkart
https://dl.flipkart.com/s/_AS_...NN

It shows 10498
And get 10% off on icici, it becomes cheaper.

Mind ur words idiot… I mentioned better price in flipkart and u mentioned same price. And now u show a link from flipkart showing lesser price than the what OP posted and calling me dumb…

do we get 5% smartbuy cashback for this?

karthi4052752 wrote:

Mind ur words idiot… I mentioned better price in flipkart and u mentioned same price. And now u show a link from flipkart showing lesser price than the what OP posted and calling me dumb…

grow up kid, gold prices are volatile and runs according to mcx
check back later after 2 hours you might get a different price.
check amazon, just 13 rs costly happy now ?

https://www.amazon.in/Candere-Kalyan-Jewellers-...

Dont argue until you know all the details.

jankey wrote:

grow up kid, gold prices are volatile and runs according to mcx
check back later after 2 hours you might get a different price.
check amazon, just 13 rs costly happy now ?

https://www.amazon.in/Candere-Kalyan-Jewellers-...

Dont argue until you know all the details.

Oh my god. I have wasted so much time on a noob who doesn’t know what he is talking. Amazon doesn’t have 10% off on the coin u have given so that is more than 1100 price difference. Do u still donot understand? Anyways i am not going to reply any further. Think twice before u waste anyone’s time

karthi4052752 wrote:

Oh my god. I have wasted so much time on a noob who doesn’t know what he is talking. Amazon doesn’t have 10% off on the coin u have given so that is more than 1100 price difference. Do u still donot understand? Anyways i am not going to reply any further. Think twice before u waste anyone’s time

Thanks for not replying further
Be happy the way you like.

Flipkart seems to be better as it’s giving discount on coins/bars. In Az, on 2gm BRPL bar/coin, no discount even if it’s priced same as Flipkart. On 2gm pendant, 10% available, but it’s priced 300+ more already.