Gold coin trading is a fast paced business that anyone with any financial background will buy. This is because gold coins are available in different weights starting from less than one gram to fifty grams. It is customary in India to calculate one’s wealth by the amount of gold he owns. The tradition is still going on, and therefore Indians rank first as consumers of gold. During the life of an individual, gold is bought, sold and gifted for one reason or another. It can be said that gold has become an integral part of Indian life.
In India, buying 2 gram gold coin is easy and easy. It can be purchased through government post offices, nationalized and private banks, MMTC and jewelry showrooms (both offline and online). One can count on the quality of coins being bought from MMTC, post offices and banks as they are not only of good quality but also of genuine nature. But, if coins are to be sold in the future, it is not recommended to buy from them as RBI rules do not support buyback option. However, jewelry stores accept coins purchased from MMTC, banks and post offices but at a lower rate. The differential amount is collected for the service they provide.
Purchasing gold coins is an informed and smart decision as it is one of the vital investment options for turning into cash in an emergency time. Hence the buyer needs to be a little careful while buying and selling currencies. Certified coins pay better because they come with a certificate of purity which also provides details about their weight and carat. The use of symbols on them is very important. The original coin will have the symbol “g” to indicate its weight in grams and the symbol “%” to indicate its purity in percentage. Conversely, counterfeit coins will have the letter “G” or “/” instead of “g” and “%”.
The prices of gold coins vary not only based on their weight, but also on the degree of their purity or purity. The price of 24 karat gold is slightly higher than 22 karat gold and is indicated by a token such as 999 and 916 respectively. It is usually recommended to have 24 karat coins if investing and 22 karat gold, if they are intended to be used to make jewelry in the near future.