[OOS] Gold coin on discount (1gm. Rs 2512/ (on pp points)-+49/ (for coupon) or on Diamond Items

avi_ wrote:

confirmed just now! 35% is valid!!!!!!!!! i am 100000% sure now!!!!!!!!!!!!!!!!!!!

Post a screen shot once of the final amount after you applied that 35% coupon

Rated up and suggested for FPD

Avi sir, if you get time in between two orders than please rate this deal

avi_ wrote:

jaigreat wrote:

btw avi how many ru going to buy ?

bought 30 till yet

r u kidding r wht 30gms of gold wow man , i dont think they wud honor

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

You are wrong bro… 23K means 958.
Anyhow, 995 is still less pure than 999

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

so you cant say that 995 purity is 23k
it could be 23.9 k

see another thread by lekhwani few days back

@B@R_0_0_D wrote:@
i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

+1

http://www.mahagangagold.com/product-detail.asp…
see the 995 fineness

Rs 3096/-

pfry mentioned the same price of 995 or 999
even the buyback price is same Rs 2600/-
http://www.pepperfry.com/catalog/product/view/i…
they mentioned 995 finess as 24 k,

they cant sell without Gold council certificate and any purity below standards
will make them liable for mis-leading.
only somebody in bullion trade can throw light on this

@B@R_0_0_D wrote:@

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

so you cant say that 995 purity is 23k
it could be 23.9 k

see another thread by lekhwani few days back

My bad, it is 23.90K

20 gm k 2 hai & it has rate difference. also 50 gm have 2 different rates.. whats the difference

avi_ wrote:

so what is suggested to use pepperpoints or to use dealsandyou coupon?

immediately enjoy the points,

vaisen bhi dhakkaand you se kaun risk lega chega

cm4444 wrote:

jaigreat wrote:

btw avi how many ru going to buy ?

I would ask this question to _avi only if they sell gold coins for 19 bucks.

Dear packing itself cost from Rs 50 to Rs 250+
so i think in Rs 19/- we can get the packing and put 25p. coin for museum collection
as 25p is still not a legal tender

http://www.taxfreegold.co.uk/24caratgoldbar…ml

24 Carat Gold Bars? – Not Quite!
The first thing we should point out is that it is almost impossible to economically or commercially obtain absolutely pure gold. 24 carat gold would be absolutely pure. Before electrolytic refining, highly refined gold was usually .9995 pure (99.95%). If we convert this to carats, it would be 23.988 carats. London good delivery gold bars are acceptable at .995 which is “only” 23.88 carats. With electrolytic refining, it became commercially economic to produce .9999 fine gold, which works out to 23.9976 carats. the Royal Canadian Mint also produce a .99999 fine gold coin, advertised as the world’s purest gold coin. this works out at 23.99976 carats. It follows from this, that it is more accurate to refer to bars by their metric fineness than as 24 carat.
Summary
Carats Percentage Per Thousand Decimal Pronounce
24 100 1000 1.000 Pure or Fine
23.9976 99.99 999.9 .9999 Four Nines
23.988 99.95 999.5 .9995 Three Nines Five
23.88 99.5 995 .995 Nine Nine Five
Four Nines
Almost all of the bars we sell are “Four Nines” = 99.99% pure. This is the highest purity of gold bar which is economic to produce for the investment market. Only scientific market would not anything of greater purity, and the production costs would increase disproportionately.
Most of the time, we simply refer to them as “gold bars”, and there is no need to specify the purity, as it is understood to be .9999 fine.

Wrong Question
If you are looking for or asking for 24 carat gold bars, you are asking the wrong question, in which case you are likely to get a wrong answer. To understand the answer to this question, you need to understand something about truth, accuracy, and honesty. If you ask the question in imprecise terms, you should not be surprised if the answer you receive is at a similar level of imprecision or approximation. Perhaps we are being slightly pedantic, but we prefer to give accurate information, and the shortest answer is not often the most precise.

The Truth, The Whole Truth, and Nothing But The Truth?
Perhaps the gold standard should be the oath taken by witnesses in English courts, and that is to tell “the truth, the whole truth, and nothing but the truth”.
If we were asked whether our .9999 fine gold bars were 24 carat, one could answer yes or no with equal accuracy. “Yes” would be correct as any bar of 97.9166% or higher purity is nearer to 24 carat than it is to 23 carat. (In the USA, gold jewellery manufacturers are legally allowed a half carat tolerance or leeway). A mathematician would recognise that this was a matter of “precision”, numbers can be rounded to a number of decimal places or a number of significant figures. There is an implication that 24 can mean anything between 23.5 and 24.5, but 24.0 indicates anything between 23.95 and 24.05. Similarly a number written as 24.00 24.000 or 24.0000 would indicate a number accurate to the penultimate decimal place, so that each of the three numbers specifies an increasing degree of precision.
The answer “no” would be equally correct but a four-nines bar (99.99% pure), is “only” 23.9976 carats, as shown in our table above. As 23.9976 is not the same as 24, then the negative answer is correct.
To state the whole truth, it is necessary to explain that 24 carat gold does not exist except in theory or possibly in infinitesimally small amounts in scientific laboratories. This should be followed by a statement of its purity indicating or specifying the degree of precision.
Other solutions to the dilemma would be to ask the questioner what he means by 24 carat, or perhaps a quicker solution would be to ask whether he meant to ask for four-nines.

Minimum .995 – 23.88 Carats
The minimum accepted standard for gold bars to be treated as VAT free investment gold in the EU is 995 parts per thousand, equivalent to 23.88 carats.

Gold Bars Index
Bars Information
Bars For Sale

Other World Coins

Discount King wrote:

20 gm k 2 hai & it has rate difference. also 50 gm have 2 different rates.. whats the difference

i hope your query can be solved at

http://www.taxfreegold.co.uk/24caratgoldbar…ml

as 995 and 999 both are 24k as per world standards

@B@R_0_0_D wrote:@

they cant sell without Gold council certificate and any purity below standards
will make them liable for mis-leading.
only somebody in bullion trade can throw light on this

No tension barood bhai…BIS certified hai

@B@R_0_0_D wrote:@

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

so you cant say that 995 purity is 23k
it could be 23.9 k

see another thread by lekhwani few days back

Investment Bullion Portfolios
10 Key Points
-——————-

http://www.getting-positive-karma-now.com/inves…

In this Investment Bullion Portfolios 2 article we review the key points of sound investing.
In the previous articles we have examined this in fair depth and detail. As prices of gold and silver rise over the years, their rise has kept well ahead of inflation. Clearly, holding some gold and silver bullion is an excellent way of adding protection and stability to one’s assets.

Over the past 30 years, silver as an investment metal has been outperforming gold when purchased at the right time.

Click here to scroll down to see how to find potential buy signals for silver investment.
Key points about bullion investments.

Commonly quoted bullion market spot rates for gold are for .999 (24k) and .995 purity. The .995 (also known as 24 k) is what you would usually get in the form of locally made gold coins. For silver, the quoted rate is for .999 and .995 purity.

Jewelry does not fulfill the standards of being an ‘investment’.
As discussed in the India Bullion article jewelry involves making charges, possible reduced gold content than stated at the buying end, and deductions while selling. Therefore jewelry does not meet the standard of value ‘investment’.
The only exception would be certified (hallmarked/tested) 22 karat pure gold only bangles without ‘meena’ or ‘kundan’ work or similar embellishments and additions that are charged at gold rate while being of very low value in themselves. Indian hallmarking is certified by the Bureau of Indian Satndards (BIS).

‘Meena’ and ‘kundan’ work is basically enamel and glasswork. While the meena and kundan jewelry looks beautiful, paying gold rates for a significant amount of glass and enamel may be acceptable as a decorative item, but not as an investment of value. Ultimately all gold and silver jewelry has a break-up value of the metal content only—less the ever-present ‘making charges’ loss.
22 karats is equivalent to 917 parts of gold per 1000 (22 parts out of 24). This is usually written as ‘22k’ or ‘.917’. (See this India Bullion article for more on why jewelry is not an investment).

Buy commonly traded and easily available grades of bullion.
Gold bullion is widely available as .995 (99.5% pure) bullion and as 22 carat (.917) grade. Silver is available widely as .999 or .995 quality. The .999 coins test out around .997—in fairness, most laboratories inform us that they cannot accurately test beyond .997. This is a negligible loss.
Avoid collector (numismatic) coins.
Unless buying these for personal enjoyment, avoid collector and specialist coins, as you will pay much higher premiums than the actual gold content. For wealth building, initially buy only bullion coins or bars.
Do not pay high premiums for gold or silver bullion (coins or bars).
A premium 5-7% over the day’s spot price of gold or silver is an acceptable premium to pay. Many dealers offer premiums as low as 0.5% and 1% on select coins from time to time. It is a good idea to keep a lookout for such deals.
The percentage premiums charged for converting metal bars to coins tend to increase with higher purity of metal even though the mechanical procedure of die-pressing the coins remains the same.

Avoid paying high premiums for modern bullion coins from other countries. The South African Krugerrand is one of the most widely available and collected modern bullion coin because it usually is the lowest premium coin available in the market. As you can see it is not a very attractive looking coin, but it does contain exactly one troy ounce of pure gold.

For American and European investors, the lowest premium 24 carat gold and pure silver coins would be the
American Eagle

and the
Indian Head-Buffalo coins

The 1.20 ounce Mexican 50 peso coins are also very low premium. The 50 peso can be got at for as low a premium as 1% or less from time to time.

The 15 gram (0.4823 troy ounce) Mexican 20 peso coin is undoubtedly one of the most beautiful modern bullion gold coins. It features the Aztec calender on the reverse and an eagle capturing snakes in it’s claws and beak. This is a modern version of the Mexican coat of arms. This can also be often got at 0.5%-1% premium over spot gold in American bullion markets.

The Indian bullion trader may offer coins such as these, including the Chinese Pandas or special minted coins from the Australian Perth mint at a high premium. Don’t buy these unless you want to collect these for your own interest and you don’t mind paying a premium.
Fundamental ground rule: For savings investment purposes, don’t pay more than 5-7% premium over spot gold price for bullion bars or coins.

Do not buy .999 or .9999 purity gold coins from banks or specialist suppliers.
In practice, premiums for these are much higher—15% and greater, making such coins and bars in the nature of collector-coins. At this time the banks do not buy back the coins they sell you.
Further, these are not easily tradeable at a fair price because re-purchasers of precious metals do not generally give you back this premium price.

In time, as price of gold rises, the premium charged gets hidden from view in the price rise. However if you consider the price you would get if you sold it a few days later, you would lose that premium, so better not to buy such a product, when a lower premium product is available.

A partial exception is the Tata ‘Tanishq’ brand, who advertise that there is no deduction on current gold rate on exchange of the gold bullion for their jewelry.

This is not a good transaction anyway because jewelry is not an ‘investment’. On exchanging jewelry for cash there is a significant deduction, while Tanishq does charge a high premium for their ‘Swiss quality’ .9999 gold bullion. So buying high- premium-to-gold-cost jewelry, or exchanging their bullion for jewelry is a losing proposition.

Avoid buying St. George sovereigns or similar-Buy local gold.
There are many fakes and forgeries of this well known British coin. Some of these are pretty obvious copies, while others are quite good.
Avoid these or imported coins/bars as they usually have a higher premium. It is better to buy locally made gold bars of standard weights and reliable quality. (Technically coins are ‘bullion bars’.)

The Laxmi and Ganesh motif coins are quite popular and auspicious as well.

In India, always buy from an actual store you can visit and check out the products and prices. Be warned that some stores, and online internet shopping malls can charge from 40% to 100% premium on spot prices for these coins. It is difficult to understand why anyone would buy these. There are also shopping portals such as Carat Lane that offer high quality bullion at relatively low premiums designed for the Indian market.
A reasonable premium for bullion coins is up to 5% or 7% over the spot price for the actual silver or gold content.
Calculate the premium on gold content—if you take the quotation of .995 spot gold apply it to a .995 coin. For a 22k (.917) coin, the 24k (.995) quoted rate would have to be proportionately reduced to calculate actual gold content.
Buy coins and bars of at least 10 gram weight.
Smaller weights carry a higher premium per coin as the cost of minting smaller coins is higher. (A trader with a large turnover may be able to offer low premiums).
First buy silver and then buy gold and be guided by the gold-silver ratio

It is easier to put small savings money into silver without the higher premiums of 15-40% that would apply to buying a gold coin of small size—say a 1 or 2 gram coin. Get gold and silver bullion in small quantities according to your comfort zone. Add to your stocks gradually. Accumulated silver can be exchanged for gold when the gold-silver ratio is favorable. The gold-silver ratio simply means, the quantity of silver at a particular price required to buy the same quantity of gold at the particular price of gold. To get the ratio simply divide the gold price per gram or 10 grams by the silver price per gram or 10 grams.

saranslach152 wrote:

@B@R_0_0_D wrote:@

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

so you cant say that 995 purity is 23k
it could be 23.9 k

see another thread by lekhwani few days back

toh bhai ye karidle ya nhi…..using pepperfrypoints…?
i mean safe toh hai na n all….pls reply really need it
n 23.9 sahi hai na ? as i dnt knw much abut them as u knw…..

GO AHEAD IMMEDIATELY ON MAX SPEED

saranslach152 wrote:

@B@R_0_0_D wrote:@

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

so you cant say that 995 purity is 23k
it could be 23.9 k

see another thread by lekhwani few days back

toh bhai ye karidle ya nhi…..using pepperfrypoints…?
i mean safe toh hai na n all….pls reply really need it
n 23.9 sahi hai na ? as i dnt knw much abut them as u knw…..

Sirji, today’s gold price in MCX is 2800+/gm. So anything below 2790 for 995 is good. you will be in profit.

23.9….995 puity wala oos hogya …:-(

all 1 gm sold out!

fandudeals wrote:

saranslach152 wrote:

@B@R_0_0_D wrote:@

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

so you cant say that 995 purity is 23k
it could be 23.9 k

see another thread by lekhwani few days back

toh bhai ye karidle ya nhi…..using pepperfrypoints…?
i mean safe toh hai na n all….pls reply really need it
n 23.9 sahi hai na ? as i dnt knw much abut them as u knw…..

Sirji, today’s gold price in MCX is 2800+/gm. So anything below 2790 for 995 is good. you will be in profit.

saranslach152 wrote:

toh bhai ye karidle ya nhi…..using pepperfrypoints…?
i mean safe toh hai na n all….pls reply really need it
n 23.9 sahi hai na ? as i dnt knw much abut them as u knw…..

999/995 purity ka anything under 2600 per gram is like loot yaar. 1000% Safe

Bhaiyo please send me one 35% coupon….

cm4444 wrote:

saranslach152 wrote:

toh bhai ye karidle ya nhi…..using pepperfrypoints…?
i mean safe toh hai na n all….pls reply really need it
n 23.9 sahi hai na ? as i dnt knw much abut them as u knw…..

999/995 purity ka anything under 2600 per gram is like loot yaar. 1000% Safe

saranslach152 wrote:

fandudeals wrote:

saranslach152 wrote:

@B@R_0_0_D wrote:@

fandudeals wrote:

Guys be careful; 999 finish is OOOs now. 995 finish is still available.. 995 is 23K not 24K

i dont think so
23k should be nearly 955 purity.

1 kt. = 1000/24 purity
as 24 kt. = 1000/24*24 purity
12 kt. = 500 purity

so you cant say that 995 purity is 23k
it could be 23.9 k

see another thread by lekhwani few days back

toh bhai ye karidle ya nhi…..using pepperfrypoints…?
i mean safe toh hai na n all….pls reply really need it
n 23.9 sahi hai na ? as i dnt knw much abut them as u knw…..

Sirji, today’s gold price in MCX is 2800+/gm. So anything below 2790 for 995 is good. you will be in profit.

todays price is 27626/10grms saw on NDTV !!

Now we will have to pray that it should not go below 2600 otherwise DDimer will be biggest looser…

http://en.wikipedia.org/wiki/Millesimal_fi…ss

Millesimal fineness
From Wikipedia, the free encyclopedia
==========

Millesimal fineness is a system of denoting the purity of platinum, gold and silver alloys by parts per thousand of pure metal by mass in the alloy. For example, an alloy containing 75% gold is denoted as “750”. Many European countries use decimal hallmark stamps (i.e. ‘585’, ‘750’, etc.) rather than ‘14K’, ‘18K’, etc., which is used in the United Kingdom and United States.
It is an extension of the older carat (karat in North American spelling) system of denoting the purity of gold by fractions of 24, such as “18 carat” for an alloy with 75% (18 parts per 24) pure gold by mass.
The millesimal fineness is usually rounded to a three figure number, particularly where used as a hallmark, and the fineness may vary slightly from the traditional versions of purity.
The most common millesimal finenesses used for precious metals:
[edit]Platinum

999 (also known as three nines fine)
995 (what most dealers would buy as if 100% pure; the most common purity for platinum bullion coins and bars)
950 (the most common purity for platinum jewellery)
900 (also known as one nine fine)
850
[edit]Gold

999.999 (The purest gold ever produced. Refined by the Perth Mint in 1958.)¹²
999.99 (The purest type of gold in the market)
999.9 Four-nine purity, e.g. Canadian Gold Maple Leaf and Panda-Pagoda investment coins
999 (Fineness equivalent to 24 carat, also known as three nines fine)
995 the minimum allowed in Good Delivery gold bars
990 also known as two nines fine
986 also known as ducat fineness, formerly used by venetian and Holy Roman Empire mints, still in use in Austria and Hungary
958.3 (equivalent to 23 carat)
916 (equivalent to 22 carat) gold is used in the Krugerrand investment coins
900 part gold was mostly used in Latin Monetary Union mintage (e.g. french and swiss “Napoleon coin” 20 francs)
833 (equivalent to 20 carat)
750 (equivalent to 18 carat)
625 (equivalent to 15 carat)
585 (equivalent to 14 carat)
417 (equivalent to 10 carat)
375 (equivalent to 9 carat)
333 (equivalent to 8 carat; minimum standard for gold in Germany after 1884)
[edit]Silver

999.9 (Ultra-fine silver used by Royal Canadian Mint in the Canadian Silver Maple Leaf)
999 (Fine silver used in Good Delivery bullion bars, also known as three nines fine)
980 (common standard used in Mexico ca.1930 – 1945)
958 (equivalent to Britannia silver)
950 (equivalent to French 1st Standard)
925 (equivalent to Sterling silver)
900 (equivalent to Coin silver in the USA, also known as one nine fine)
835 (a standard predominantly used in Germany after 1884)
833 (common standard used in continental silver especially among the Dutch, Swedish, and Germans)
830 (common standard used in older Scandinavian silver)
800 (minimum standard for silver in Germany after 1884; Egyptian silver; Canadian silver circulating coinage)
750 (uncommon silver standard found in older German, Swiss and Austro-Hungarian silver)
[edit]See also

Gold as an investment
Gold coin
Silver as an investment
Silver coin
Platinum coin
[edit]References

^ “The Perth Mint :: History”. Gold Corporation. Retrieved 2011-05-08.
^ Thomas, Athol. 90 Golden Years, The story of the Perth Mint. Gold Corporation. p. 58.

^{^} – Thanks all friends for your great responses. PC is very slow and was able to just complete 2 orders using 2 35% off coupons. I sincerely hope they honour. Coz I am kinda really pi**ed off with order cancellations at Starcj, Flipkart etc.

At least if these guys honour, these may be useful for a family ceremony that’s coming later.

fandudeals wrote:

Now we will have to pray that it should not go below 2600 otherwise DDimer will be biggest looser…

Bhai tension nahi lene ka. Gold oopar hi chadhta hai.

@ fandudeals

Sorry bro
we should not compare bullion rates with coinage

you know that making chg for coins are high, plus distribution cost and packing cost is there
to play a gr8 role.

If anybody wants to melt the coin, then it is not for them

http://www.caratlane.com/goldcoins.html?from=la…
Caratlane Rs 3065/-

BIS Hallmarked Gold Coins
-—————————————-

Be it weddings, birthdays or festivals, our culture abounds with reasons to celebrate.

(FOR THIS PURPOSE ONLY)

And a true Indian’s celebration is incomplete without a touch of gold! That’s why CaratLane.com brings you BIS Hallmark Gold Coins of absolute purity, etched with symbols that usher in prosperity and festivity.

Our Gold coin collection includes Lakshmi, Ganesha and more in 22K (916 fineness) and 24 K (995 fineness). Be it for investing, collecting or gifting, you can take home these mini-treasure troves, with the CaratLane.com guarantee of the lowest price in the market.

cm4444 wrote:

saranslach152 wrote:

toh bhai ye karidle ya nhi…..using pepperfrypoints…?
i mean safe toh hai na n all….pls reply really need it
n 23.9 sahi hai na ? as i dnt knw much abut them as u knw…..

999/995 purity ka anything under 2600 per gram is like loot yaar. 1000% Safe

Respected Sir

It is loot the way you look at it, yes if you bullish on gold as a commodity and just thinking to trade in it then it may be a loot, also if you think it as a investment then your time horizon must be many years because if you go into history of gold price movements it shoots up and then remain subdued for a long long time, and way gold has rallyed in past few years is exceptional, though experts can argue that gold is rare commodity and has only one way to go which up and up but that can be argued about any other commodity too why not invest in crude then? Base or non base metals everything would get scare with time and so would the price adjust ment in the value, my little moron sense says all commodities be it gold to crude be it any steel to copper all are highly inflated and rigged up (even property prices in india)and till such time FED keeps printing dollar enjoy the music. I believe cash would be king in coming years. Please pardon my ignorance.