need guidance on buying (online) and selling (offline) physical gold/silver
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my mandatory reqs
buying online from amazon/flipkart/tatacliq or any
selling offline for direct cash without any ids like pan/aadhaar which would make tax implications and create unnecessary hassles.
would buy during offers/sales and sell off immediately or may hold and sell whenever i require.
would not at all exchange or make any jewellery.
maybe i may hold depending upon market.
which one to go for gold or silver?
which purity is best for buying and holding (if req) and then encashing with most profit.
gold – 24k 999 or 24k 999.9 silver – 999 or 995
bars or coins?
with or without designs?
while selling off any online reference site for price where we can know how would we get of we sell off in offline market at that moment?
how much % or price do offline shops buy and provide cash?
which ones in terms of weightage are good for buying, investing (if req) and selling off with most profit?
any certification or hallmarks?
trusted sellers online?
do we need to show any buying receipts or invoices while selling?
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what makes u think im married if i post in dost and dimes and that too this topic. 
don’t buy physical gold if your other half gets hold of that you can never sold that
LOL… that’s true.
Everytime I bought physical gold online. Delivered home and always received by the better half. Within the next 6 months, I would end up at the Jeweller breaking it into jewellery…. no investment here bro. 🤣
Bhai, I have seen this trend among Jewellers that most of them are not gonna buy gold or silver from you unless those are bought from them in the first place. So, stick to renowned shops/ refineries. If you need to buy then buy Gold. Gold is good. Premium over spot price is more in case of silver. And premium over spot price is more for coins. Those are two rules you gotta follow.
Here is an article I found on the internet https://economictimes.indiatimes.com/wealth/spe...
And don’t buy gold etfs. Bhai liquidity issue will give you nightmares. Rather if you want, when market high and Gold rate is low, it is user to buy some Gold mutualfunds or Gold mutual funds.
And if you are buying Gold n Silver during sales, then buy Gold. Silver has the least liquidity and acceptance among jewellers. I recommend to buy silver bars if and only if you live in the city of the sellers’. For e.g. IBJA Gold buys the product at spot price, at least that’s what they told me over phone. And a lot of dimers reported that some Jewellers from Delhi and other parts of India are buying silver at a great price(Spot price was 46000 but they bought at 43000). And choose brand names wisely. 
Bhai you are already a legend.
thx but seems i should have made my reqs specific. so i have update my main post with it.
pls do have a look.
I buy online only when there is good offer and gold is turning out to be cheaper with the offers than the market price. Tried to sell once with a Jeweller. He offered me 2 different rates, one if I just wanted to sell the gold and the other for exchange with the jewelry.
In my experience they quote about 4-5 % less in the spot price if you just wanna sell gold.There was a difference of 800 Rs.per 10gms. Incase I wanted to exchange for jewelry. That the quote on account of extra charges paid by them for hallmarking. Also they seem to prefer 999 against 995
Although hardly any difference with both. Also earlier when I had checked, only 995 would come with hallmark. 999 purity is generally only with refineries and banks.
Silver I haven’t sold yet. Although I have just invested very recently in some quantity. I would rather hold silver as the price is expected to rise again once all the metal industry turns around again. it’s quite cyclical.
you can sell at online price at attica gold company better to buy 999.9 purity gold but 999 with BIS hallmark will also do.
I bought some 10s of grams at loot price unfortunately sold at time when gold was 29k
@rajrocks Here is replies to all your queries regarding gold and Silver:
1. When you sale gold/Silver they never needs your pan card or other documents because they are paying you in cash which is even not legally allowed for them.
2. Since transactions are in cash so no tax implications expect dont deposit a lot of cash once in saving account.
3. You can track gold prices on the app SPN Gold which is used by most of the Jewellers.
4. There is company named as Cash for Gold. You can call them and check the price anytime you want. They deal is purchase of gold and silver against cash. Expect Gold market selling price usually 400-500 per 10 gram higher than they tell and For Silver 200 around per 100 gram.
5. Difference in 999 and 995 gold is Just 150 Rs per 10 gram. So You can buy whatever cheaper you get. Jeweller are okey with any purity.
6. Regarding Brand, Try to purchase from sellers who provides temper proof packing. Jweller believe on this packing and 99℅ don’t even open it to check purity.
7. Gold and Silver are equally liquid. Always go to the main jewellery market to sale the gold/Silver. They are very much comfortable in buying against cash.
8. Whether you buy coin or bar doesn’t make any difference
9. Buy Silver only when it is at good discount like Amazon fashion cashback offer and gold you can buy anytime.
10. Jweller are least conscious about hallmark, design or little bit about brand. For them gold is just gold. Buy the brand which is available at best price.
11. Gold is investment with least risk. So You Would always get the profit + cash rotation + Credit card reward points + cred reward points
12. For the first time you may face a little bit issue but after that it would be pretty comfortable to deal.
BIS hallmark is the way to go bhai. It’s the mandatory thing for precious metals. 🙂
Bro 999 gold never require BIS hallmark. BIS Hallmark is for purity of Jwellery. Even reputated brand like Bangalore Refinery doesn’t provide hallmark coin and bars
1) http://bis.gov.in/wp-content/uploads/2019/10/si...
2) http://bis.gov.in/wp-content/uploads/2019/10/Li...
They are legally licensed by BIS. 🙂
24k Gold 999 or 995 will do as price difference is 40/gm when I sold during last sale
Silver should be 999
Price calculated for 1gm gold is 3850*Purity (.995) in my case
 and selling (offline) physical gold/silver for Rs. at ){kind=link}
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