Buying Gold online - Tips

Buying Gold online - Tips

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Deal Subedar
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https://m.economictimes.com/industry/cons-produ...

Thumb rules
Do understand there is making charges for coin as well
Do not compare rates of extremities like u compare buying rate of flipkart vs selling rate of tanishq etc…
Paytm mmtc live Gold rate is a good indicator
Better to invest in 24k than 22k that too (999 is better than 995)
If gold is seriously for investment purpose for long term prefer Soverign Gold Bonds for tax benefits

38 Comments  |  
18 Dimers
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Deal Subedar
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Snipershot wrote:

@tnv Pls spare a few tips

If you are buying gold for reselling/Investing always go for 24k

under 24k.. there will be 995 and 999

Here preferebaly go for 999 as reselling is easy…

if 995 comes cheaper by 100 or more, you can buy either of the, as technically there is no difference.(Generally 995 will be taken @15 rupees lesser per gram)

dont buy 22k, Until unless you need these coins for aurnment making.

coming to brands : You can Buy Bangalore Refinery which is cheapest under 999 segment
You can also consider RSBL, PCJ.

Bluesotne, Malabar, these companies make 995 purity coins. Buy these only when these are cheaper by more than 100 when compared with 999 purity ones.

If you looking for gifting purpose.. Go for Bluestone these do come in good packing.

PS: I never tried selling in any branded stores, I always sell it to my Uncle.. Recently FK started delivering to my Native so ordering to My uncle address directly… https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

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Deal Subedar
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tnv wrote:

If you are buying gold for reselling/Investing always go for 24k

under 24k.. there will be 995 and 999

Here preferebaly go for 999 as reselling is easy…

if 995 comes 100 cheaper by 100 or more, you can buy either of the, as technically there is no diferrence.(Genarally 995 will be taken @15 rupees lesser per gram)

dont buy 22k, Until unless you need these coins for aurnment making.

coming to brands : You can Buy Bangalore Refinery which is cheapest under 999 segment
You can also consider RSBL, PCJ.

Bluesotne, Malabar, these companies make 995 purity coins. Buy these only when these are cheaper by more than 100 when compared with 999 purity ones.

If you looking for gifting purpose.. Go for Bluestone these do come in good packing.

Looks like you have done PhD in this.. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

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Deal Subedar
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161508 wrote:

Looks like you have done PhD in this.. https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif https://cdn3.desidime.com/assets/textile-editor/icon_lol.gif

Haa..Haa.. Nothing like that… One of my relatives run a gold shop..

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Deal Newbie
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Thanks. This ia really informative and i am considering purchasing gold from amazon to utilize ongoing offers. Can bangalore refinery gold be sold at any shop or there are any specific shops? Also, how is joyalukkas?

Faith
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Is it possible to sell our existing gold coins for cash ? How to go about this ?

Faith
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shadows83 wrote:

Thanks. This ia really informative and i am considering purchasing gold from amazon to utilize ongoing offers. Can bangalore refinery gold be sold at any shop or there are any specific shops? Also, how is joyalukkas?

+1

A2z1
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tnv wrote:

Haa..Haa.. Nothing like that… One of my relatives run a gold shop..

Javeri Bazaar https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

23916748 1570964926333657 552870380987195348 o
Deal Cadet
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any review about P.N.Gadgil Jewellers ?

23916748 1570964926333657 552870380987195348 o
Deal Cadet
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9999 is better than 999. buy 9999 if there is only price * .0009 price difference.

Cimg3476
Deal Cadet
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P.N.Gadgil Jewellers is a good brand

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Deal Newbie
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shadows83 wrote:

Thanks. This ia really informative and i am considering purchasing gold from amazon to utilize ongoing offers. Can bangalore refinery gold be sold at any shop or there are any specific shops? Also, how is joyalukkas?

I have a friend who tried selling his Bangalore Refinery gold bar and he had no trouble at all, he sold it to a jewellery store.

You can check my unboxing video if you want to see what 1 Gram gets you https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

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Deal Subedar
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_PB wrote:

any review about P.N.Gadgil Jewellers ?

Its a good Brand..You Can trust

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Deal Newbie
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varunkumarracer602 wrote:

I have a friend who tried selling his Bangalore Refinery gold bar and he had no trouble at all, he sold it to a jewellery store.

You can check my unboxing video if you want to see what 1 Gram gets you https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Thanks. Will order BRPL gold.. will start with 10g and see how it sells in market. Otherwise keep it as investment for long term. Any idea how long does BRPL takes to deliver gold to bangalore?

Samantha
Deal Lieutenant
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varunkumarracer602 wrote:

I have a friend who tried selling his Bangalore Refinery gold bar and he had no trouble at all, he sold it to a jewellery store.

You can check my unboxing video if you want to see what 1 Gram gets you https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

which jewellery store bro ?

and at which rate he sold ?

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Deal Cadet
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I want to buy gold coin to investment purpose give me a link to these gold coins first small one like 2 gram etc.

Img 20170505 114040
Deal Subedar
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dada2015 wrote:

I want to buy gold coin to investment purpose give me a link to these gold coins first small one like 2 gram etc.

Offers expired yesterday

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Snipershot wrote:

U can try snapdeal though

Link for gold coin which I bought and give max profit

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Deal Newbie
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shadows83 wrote:

Thanks. Will order BRPL gold.. will start with 10g and see how it sells in market. Otherwise keep it as investment for long term. Any idea how long does BRPL takes to deliver gold to bangalore?

Sure, buy as much as your budget allows you to and flip whenever you feel like it. I am sorry I don’t have much information about how much time it takes to deliver to Bangalore…maybe 2-3 days including processing (Not sure) Since I am in Delhi it took me 4-5 days max.

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Deal Subedar
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Iif the purpose is investment only, buy Gold ETF or Sovereign Gold Bond. Can be easily stored in your demat account and quickly sold off at times of need.

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tnv wrote:

If you are buying gold for reselling/Investing always go for 24k

under 24k.. there will be 995 and 999

Here preferebaly go for 999 as reselling is easy…

if 995 comes cheaper by 100 or more, you can buy either of the, as technically there is no difference.(Generally 995 will be taken @15 rupees lesser per gram)

dont buy 22k, Until unless you need these coins for aurnment making.

coming to brands : You can Buy Bangalore Refinery which is cheapest under 999 segment
You can also consider RSBL, PCJ.

Bluesotne, Malabar, these companies make 995 purity coins. Buy these only when these are cheaper by more than 100 when compared with 999 purity ones.

If you looking for gifting purpose.. Go for Bluestone these do come in good packing.

PS: I never tried selling in any branded stores, I always sell it to my Uncle.. Recently FK started delivering to my Native so ordering to My uncle address directly… https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Bro, how do you know that a gold coin is hallmarked or not ??? How do we check that?

Two timer small black
Deal Cadet
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The biggest issue with me is selling it. All those jewelers offer price with some fixed amount less than market price.
And the usual jewellers hesitate to give you money than ornaments,
But if you are planning to buy ornaments, they will give you very good offer.

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Deal Newbie
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DealDimers wrote:

Bro, how do you know that a gold coin is hallmarked or not ??? How do we check that?

Personal experience….Hallmarking on Bullions especially 995,999,999 that is 24 karat is not mandatory.

Check this from BIS website http://www.bis.org.in/cert/FAQs...df

Once I got a 1Gram Gold bar checked for purity purposes and asked if hallmark gave an effect and he denied. Do you know hallmarking can be done for only 50rs at any place.

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varunkumarracer602 wrote:

Personal experience….Hallmarking on Bullions especially 995,999,999 that is 24 karat is not mandatory.

Check this from BIS website http://www.bis.org.in/cert/FAQs...df

Once I got a 1Gram Gold bar checked for purity purposes and asked if hallmark gave an effect and he denied. Do you know hallmarking can be done for only 50rs at any place.

Read some where that hallmarking is done at very minimal price but as stated above, selling these coins in local market is a big task…

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Deal Cadet
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Not a big issue to sell brpl gold

Jeweller blindly purchase my brpl gold coin

And yesterday gold price offered to me was ₹30400

Missing