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Buying Gold -US or India is better?

Discussion in 'General Discussions - USA & Canada' started by sanravi_1970, Jul 31, 2008.

  1. sanravi_1970

    sanravi_1970 Gold IL'ite

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    Hi

    I am planning to buy some jewels from India. What is the best and cheap as well as worthy way to buy, either getting gold from US and then making ornaments in India or directly getting ornaments in India itself?

    Thanks in advance
     
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  2. Induslady

    Induslady Administrator Staff Member IL Hall of Fame

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    Hello Sanravi,

    Gold prices are increasing throughout the world at the same rate. So as far as the price is concerned, it doesn't matter you buy in India or in US. Regarding the purity of Gold, I have heard many say the Gold coins/bars bought in the US are relatively good compared to buying in India. But if you are buying 916 jewels they are of the same standard everywhere.

    BTW, why don't you take a look at already existing discussions on the same topic by doing a search? If you think your question is not addressed in those discussions, you may want to post in one of those existing threads to revive the discussion than starting all together a new one here. That way members will also be interested in responding to you as opposed to thinking this has already been discussed. Why again?

    Here are some links:
    http://www.indusladies.com/forums/money-matters/5495-buying-gold-in-us.html
    http://www.indusladies.com/forums/jewellery/28392-buying-gold-coins-in-us.html
    http://www.indusladies.com/forums/money-matters/22212-ques-on-investing-in-gold.html
     
  3. sanravi_1970

    sanravi_1970 Gold IL'ite

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    Thanks Induslady, i do search bfr i post, but sometimes i dont get it, dont know whether i shd type a phrase or single word!
     
  4. sanravi_1970

    sanravi_1970 Gold IL'ite

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    Hi Induslady

    After doing a lot of search, i found the discussion topic!
     
  5. Golduno

    Golduno New IL'ite

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    We think you should buy Gold in India, where you get less Tax. But in USA you have to give more tax than India.
     
    sindmani likes this.

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