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Things to Know Before You Buy a Gold Coin

These days, you can even buy a gold coin online for even more convenience. However, before you buy gold coins, here are a few things that you should know.t

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Things to Know Before You Buy a Gold Coin

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  1. Things to Know Before You Buy a Gold Coin

  2. Gold, whether in the form of coins, bars, or jewellery, is the most preferred choice of investment in India. Gold requires very little maintenance, is very easy to buy and sell in the market, protects you against inflation, and is also a great way to generate funds in an emergency, through easily available gold loans. That being said, one of the simplest ways to invest in gold is by buying gold coins, which do not require too much money and are easy to store. These days, you can even buy a gold coin online for even more convenience. However, before you buy gold coins, here are a few things that you should know:

  3. 1. Purity 24 Karat (KT) is the purest form of gold. When it comes to gold coins, 24KT and 22KT coins with 99.9% and 92% purity rates, respectively, are among the most preferred options. Always try buying the purest gold coins as they are more likely to have a higher selling price.

  4. 2. Weight After purity, the weight of a gold coin is the second most important factor that you should consider. Most sellers offer gold coins in a weight range of 0.5 g to 100 g. You can also find a range of standard small gold coins weighing 1g, 2g, 4g, and 8g. You should choose the weight depending on your budget.

  5. 3. Hallmark Gold in all forms is certified for its purity by the Bureau of Indian Standard (BIS). Always make sure that you only buy gold coins that have the BIS hallmark. It is a sign that certifies the purity of your gold and helps get a better resale value.

  6. 4. Ease of Selling Many certified sellers that offer gold coins also offer buy back schemes where they will buy your coins when you want to sell. However, the best thing about gold coins is that they are much easier to sell than other assets like gold jewellery.

  7. Muthoot Finance has been India's No.1 most trusted financial service provider since 2016, as per the Brand Trust Report. Widely trusted for offering the best gold loan schemes in India, Muthoot Finance also offers high-quality gold coins that customers can buy at the best prices.

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