PrancingWaffle
PrancingWaffle

Need advice to buy gold

I want to buy some 24k gold either in the form of gold coin or solid gold piece. I need advice on which is better and should I buy gold coin from Tanishq/Kalyan etc (either online or from their showrooms) or buy solid gold from some local jeweller or maybe something else someone knows?

If there is any advice, I'll be more than happy to listen.🙏🏼

A. Solid gold from local jeweller
B. Gold coin from Tanishq/Kalyan etc
C. Others (please elaborate)
185 votesexpired
7mo ago
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ZippyJellybean
ZippyJellybean

Identify local markets who sell 24k gold in bullion form and accept cash. Convert your white money to black using this trick. Your capital gains will be tax free when you sell again in cash. Gold in form of bars can be easily concealed in home, if you are in a gated society, more safety

ZippyBiscuit
ZippyBiscuit

How to ascertain the quality of gold from such sellers?

DizzyPotato
DizzyPotato

ETF/SGB is a good option too!

SparklyNoodle
SparklyNoodle

Buy coins from public sector banks, they are accepted everywhere.

If bought from jewellers there will be difficulties in getting gold loan or selling them.

Gold coins are sold without hallmark

PrancingWaffle
PrancingWaffle

Great insight. Thanks.

QuirkyPretzel
QuirkyPretzel

Following

PrancingWaffle
PrancingWaffle
HCL7mo

Which ETF is good in terms of liquidity and less charges. I bought nippon etf on groww but they charged 200 on 100000 worth of etf.

PrancingPotato
PrancingPotato

Why not ETFs?

GroovyBanana
GroovyBanana

Digital gold

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