Choose From The Best Gold Coins Online This Akshay Tritiya

Akshay Tritiya is the second most auspicious after Dhanteras to buy Gold in India. As this year’s Akshaya Tritiya is coming, several thousand Indians will purchase Gold Coin online or in-store. Individuals buy gold coins in Akshay Tritiya as gifts or as offering in pujas which are considered to bring fortune and prosperity. Other than Gold coins, many people also buy gold jewellery during the festivities. If you are among the Indians planning to buy gold on Akshaya Tritiya, then there are a few things that you must take into consideration.

 

Which Purity of Gold Coin You Must Buy?

People buy gold coins primarily either in 22-carat or 24-carat purity even though people pay special attention to the cartage of the gold they purchase but usually overlook the fineness of it.

You will find that even though 24-carat gold contains 24/24 parts of gold and trace levels of contaminants. The weight of gold in relation to its trace elements is known as fineness and is reported as parts per thousand. The purest form of gold you can purchase is 24Kt gold, with 999.9 parts per thousand. It is the best investment-worthy purchase when you plan to buy gold on Akshaya Tritiya, as it will lead to the greatest return in the future.

But, if you plan to buy gold coins that you will use to make jewellery in the near future, then you must go with the 22Kt gold coins. The 22Kt gold has 22 parts of gold and two parts of metals like silver, which make the malleable gold durable for jewellery creation. You must keep your plans in mind before going ahead and making any purchases.

 

Purchasing Options ─ Buying Gold Coins Online or Instore

You can buy gold coins online or from the jewellers at the corner of the street. There are several other institutes from where you can purchase gold coins, such as banks, Gold finance companies, or directly from the Indian Government Mint.

All these methods provide safe options to buy gold on Akshaya Tritiya to bring prosperity to your life from credible sources. With the advent of several jewellery apps, you will find shopping for gold coins is a cinch. You can sit in the comfort of your home, shop for gold coins online, and get them delivered to your home.

 

Denomination of Gold Coins You Must Buy and Certification

An essential factor that will significantly impact your gold coin purchase is the denomination you wish to purchase for your gold. You can buy gold coins starting from 0.5 grams all the way up to 20 grams. After 20 grams, the pure gold you purchase is called gold bars which are available from 20 grams to 200 grams.

No matter which denomination you decide to purchase, ensure that you only buy certified gold. The gold coins are hallmarked by the Bureau of Indian Standards, commonly known as BIS HUID-certified gold coins. The government of India has made it compulsory for jewellers or jewellery retailers to provide the 6-digit Alphanumeric code for all items made from precious metal from 1st April 2023. The Hallmarked certification will consist of the following three elements:

• BIS hallmark logo
• Purity and fineness grade
• Six-digit alphanumeric code

Certification is essential, but you must also look for factors like making charges when you buy gold coins on Akshaya Tritiya.

 

Check Making Charges the Gold Coins

When people plan to buy gold coins, they commonly assume that they will get the gold at the market price, but they are sadly mistaken. You have to purchase the precious metal but have to compensate the manufacturer for making the gold coins and pay Goods and Service Taxes (GST) for your purchase.

An optimal range of making charges lies between 8% to 12% for gold coins when buying lower denominations. Interestingly, as the denomination increases, you will find that the making charges decrease, and you can find making charges as low as 7%. So, when purchasing a gold coin online or in-store, always inquire about the making charges. Generally, this information is not provided until after the sale is made. Still, a few jewellers that have partnerships with giants like Tanishq and Goldsetu do their best to offer it before the sale.

 

Packaging of the Gold Coins

When you buy gold coins online, they usually come packed in tamper-proof packaging. It is consciously done to protect the gold coin from environmental elements like pollution and dust. When it comes to purchasing gold coins from jewellers, make sure the gold coins are provided in good packaging.

If you plan to buy gold coins as an investment, do not remove the gold coin from tamper-proof packaging. The packaging protects the gold coins and keeps them preserved for the future.

 

How to Ensure You Purchase the Best Gold Coin Online This Akshay Tritiya?

First and foremost, things to do when you plan to buy gold on Akshaya Tritiya, you must properly research the market before you purchase your gold coins. You will need to:

• decide which denomination of gold coin you will buy,
• making charges on gold coin
• what purity of gold where you will buy it from?
• ensure hallmarking on the articles you buy,
• tamper-proof packaging on gold coins, and finally
• whether you will purchase your gold coin online or in-store.

 

If you find yourself in a pinch or need clarification about what to do, you can connect with a Goldsetu-partnered Jeweller to make a perfect purchase this Akshay Tritiya.