Gold coins have always been a favorite form of investment in India. On festive occasions, buyers take advantage of the special limited period discounts to invest their savings for the future. Now given that gold coins are sold by both jewelers and banks, how do you ensure that you get the best possible returns?

Information is the best possible tool to take with you, especially when you shop for any form of gold. With gold coins, it is even more essential since you are buying them primarily for monetary returns. So if gold coins figure in your investment plan, read on.

To start with, there is no debating that gold coins are the best form of investment in gold. The making/wastage charges are very low and some jewelers even waive it. Gold coins are also easy to maintain and allow you flexibility of use in the future – you can sell it or even melt it to make jewelry.

Verification of purity:

Gold coins that carry the BIS (Bureau of Indian Standards) hallmark are a safe buy. This is a Government instituted consumer protection process to ensure that your gold is pure and your purchase is authentic and legal.

Where do you buy gold coins?

Gold coins can be purchased at banks or jewellery stores. Banks charge up to a 10% premium on gold coins compared to a jeweler. Better bargains are available with jewelers and on festive occasions in India, it gets even better.

Where do you sell gold coins?

Most jewelers buy back gold coins, but there may be exceptions to the rule. So it is best to familiarize yourself with the buy-back policy of your regular jewelry store. Will they buy gold coins and pay you cash? If they pay, do they pay current market price? If they don’t buyback, do they have an exchange policy where coins can be handed in for jewellery? Will they accept only coins that they originally been bought from them? Make sure you have answers to all these questions before you invest your hard-earned money in gold coins.

22k or 24k gold coins?

Being the purest form of gold, 24k gold is the best investment option. However, if you do plan to convert gold coins into jewelry at a later date, 22 k would make a better choice.

Choosing the right jeweler:

A jewelry business relies on reputation to bring in new customers as well as to retain old ones. If your family has been loyal to a particular jeweler for many years or generations, then you needn’t look any further. If not, lookout for names that have been around for a generation or two or brands that are backed by trusted corporate houses. Additionally, speak to friends who might have shopped at the places you are considering, for their experiences.

The right time to buy gold coins:

Any time is a good time to invest in gold as its prices are always on the rise. But in India, there are also several festive occasions on which you can get discounted rates. Diwali, Christmas, the New Year, Pongal and Akshaya Tritiya are a few examples. You now know enough to get started on shopping for gold coins. Do not hesitate to ask questions and in the end ensure you are making an educated choice.

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One of the best and the safest ways to invest is to buy gold coins.
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Author Bio: Purchasing Gold coins online is really a risky business. Make sure you check the quality of the coin you wish to purchase. Click here for 100% quality Gold coin online.

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