Gold coins - 22kt or 24 kt?

Discussion in 'Money Matters' started by satin, Nov 30, 2010.

  1. puspita

    puspita Silver IL'ite

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    Re: Regarding Gold coin

    No response........Any1 from Dubai who can answer me???
     
  2. bhuvnidhi

    bhuvnidhi IL Hall of Fame

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    Re: Regarding Gold coin

    Pushpita, You might have to request the moderator to move this thread to Indians in Dubhai section.You might get more response there.:thumbsup
     
  3. shantisubra

    shantisubra Gold IL'ite

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    Re: Regarding Gold coin

    Dear Puspita

    Welcome to Dubai.

    If its for investment purposes, you may buy 22k gold coin in denominations starting from 2gms upto 1kg. But better buy in 8gms (1 sovereign) coins only which you will lose Dhs.1/- per gram when you melt for making ornaments later. If you buy 24k you will lose more money and if you buy in tolas, again more will be deducted and wl lose money.

    So bst buy is buy 22kt gold in 8gms or lesser coin forms in multiples.

    Best Rgds
    Shanti
     
  4. puspita

    puspita Silver IL'ite

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    Re: Regarding Gold coin

    Hi shantisubra

    Thank you very much for the reply...actually i was confused between 22 and 24kt.....I want to buy some coins and use it for the downpayment for our flat.....

    No jewellery purpose...

    So its better to go for 22kt..

    Thanks agagin...:)
     
  5. perfectly_perfect

    perfectly_perfect Silver IL'ite

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    Buying Gold coin or bar

    Hi friends,
    I want to invest in gold but I'm here in USA, so thinking to buy gold coin or bar. Is there anyone who has done this. Will it be a problem to take it back India. Is there any idea to carry it safely.
    Thanks in advance
     
  6. radsahana

    radsahana Silver IL'ite

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    Re: Buying Gold coin or bar

    Hi

    We generally buy 10gm gold coin for my DDs bday every year.

    Here in USA, we had to buy 1 ounce biscuit. You can easily take to india,no issues, unles ofcourse ur buying in kilos and taking it :)
     
  7. pmadang

    pmadang New IL'ite

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    What if we go for tola bar? It is easy to store also. Any takers?

    Madan
     
  8. Shanvy

    Shanvy IL Hall of Fame

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    you mean the 1 tola bar or the 10 tola bar.
     
  9. pmadang

    pmadang New IL'ite

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    Hi Shavy,
    i mean a 10 tola bar and even a 1 tola should not make a difference.
     
  10. sheztheone

    sheztheone Platinum IL'ite

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    Gold coins?

    I am relatively new to this forum, and love all the tips and advice on here! I am the saver in my family, and plan and budget every month.

    I see many members on here saying that they invest in gold coins regularly, contribute monthly to purchase gold at the end of the year etc. Can someone please explain the merits and rationale behind the same?
    I know that gold is a good investment option as prices keep appreciating. But dont a majority of Indian women already have gold from their wedding, and passed on from mothers etc.?
    Im sorry if my question is amateurish but am looking forward to your replies.
    Thanks!
     

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