Which asks the question, how to buy gold coins from the Post Office? What is 1 Kg gold rate Indian post office? All legal pieces of gold items have a BIS stamp which guarantees the purity and the fineness of the yellow metal. The most advantageous aspect of buying gold coins from post offices is the discounts that are offered during festival seasons (for example: a special discount of 7%-8% by India Post). Your email address will not be published. But, every investment has its own pros and cons and it is advisable to go through each feature of gold investment before deciding to go ahead. This is done with the ideology of supporting and strengthening a customer’s outlook of a Post Office. Click in to each coin to find the cheapest available deal from a variety of reputable bullion dealers. For as long as we can remember, the Royal Mint has sold collectible gold and silver coins that commemorate various special events such as Royal birthdays, military victories and technological achievements. MMTC will repurchase the Indian Gold coin which has to be intact in the tamper proof packaging and with the original invoice, at gold base rate which was prevailing. The price of 10 grams of gold of 24k purity as of 19th September 2019 is Rs. Investors have noticed the gold prices rise and stock markets plunging during high-inflation periods. Price of gold weighing 1kg of 24k purity is Rs. Celebrate 60 years of Britain's best-loved bear, with two official UK coins from The Royal Mint. Metlife Investment Plans, Bajaj The coins make ideal gifts. Etiam posuere turpis at nulla suscipit vehicula. They are easy, convenient, and well-connected across the nation providing opportunities to invest in gold to every citizen of rural or urban areas. Gold coins through Post Office- Rate, Features and much more. These are sold via the official website, online coin dealers, local coin dealers, tv adverts and, unknown to some, the post office. Denominations of available gold coins: Gold coins can be sold for various denominations like 0.5 grams, 5 grams, 8 grams, 10 grams, 20 grams, and 50 grams. While you might not be getting the newest shiniest coins, you’re getting significantly higher value. But it also strikes coins for up to 60 other countries every year too. Uncirculated coins, including collectibles, are all hand crafted. It is also highly preferred because of its compact size which makes safekeeping lot easier. 17,70,310. Discover and buy Royal Mints exceptional range of gold, silver, commemorative and collectible coins & medals from Post Office. What is 10 grams gold rate Indian post office? The Royal Mint is one of the UK’s great and world’s oldest institutions. But the per capita gold ownership in India is below average. It is in constant demand too because of its significance in certain festivals and weddings. Ease of selling: Gold in general has high liquidity and doesn’t go out of demand in India. Its commitment to excellence and innovation is recognised around the world as an example of best practice in the industry. Paper gold investments have multiple benefits, from ease of obtaining and securing the gold investment to tax benefits. It is one of the safest options, similar to a bank, to purchase gold coins from. Etiam rhoncus sapien a ligula semper, eu tincidunt mauris tincidunt. We have over 300+ gold, silver, platinum and palladium bars and coins available for price comparison from a wide range of trusted online vendors. Gold coins are considered a better investment choice, in comparison, to other physical gold investment options. A perfect gift for Paddington fans. Curabitur euismod dolor ut turpis scelerisque ultrices. Gold investment is a good long term investment. Your email address will not be published. This year, give a Christmas card your loved ones will want to keep forever. Purity of the gold sold: Purity of gold can be measured either by its fineness or its karat value. If you are new to buying gold coins for investment purposes as opposed to collecting, the post office is probably the wrong place to look. The customer base is already set and people of different backgrounds can access it easily, including some people from remote places. It takes the game of accessibility to another level by putting in use the post office’s extensive networking across the nation. Those looking to make investments on gold of higher value- Rs. 478 They’ve become a necessity in India, especially because gold coins play a major role in some Indian festivals such as Akshaya Tritiya, Dhanteras etc. The Indian government had launched a first of its kind gold coin in the nation with the Ashoka Chakra minted on one side and Mahatma Gandhi on the other. There is a ‘buy back’ option with Indian gold coins through MMTC approved stores. Gold investments can occur in the form of paper gold which behaves like stocks in the stock market. It is to be noted that the post office will not buy it back. Browse and buy online today Integer at diam tristique urna dignissim posuere nec at urna. Aliquam at condimentum nulla. , IRDA Direct Broker Code: Gold coins are found in denominations of 0.5 grams, 5 grams, 10 grams etc. If you are looking to invest in gold coins from the Royal Mint, we recommend comparing prices first from a variety of online gold bullion dealers. Gold is often referred to as ‘Crisis Commodity’ as it outperforms other investments during crisis. 50,000 or more, it is mandatory to carry KYC documents and PAN card. The price of 1 gram of gold of 24k purity as of 19th September 2019 is Rs. The Royal Mint Experience is the only place in the world where you can watch the United Kingdom's coins being made. It was a sign of prestige and wealth; in some kingdoms gold coins were normal transactional currency. Therefore, a combined investment is considered a better option. Whereas, a purchase lesser than that does not require KYC documents. Before we get into purchase of gold coins through post offices and its rates, let us briefly look into gold as investments, factors and benefits of gold investment and the different types of gold investments. A press then strikes them at a rate of up to 850 strikes per minute. Each circulated coin is made from long strips of an alloy that’s rolled to the right thickness, cut into discs and cleaned. Gold coins now are the second popular choice after jewellery in terms of buying. Unfortunately, their shop is now closed but you can still buy Royal Mint gold coins from the official Royal mint website. This (purity) is a major concern for customers investing in physical gold because purity of physical gold can be ascertained by cross-verifying; unlike paper gold wherein the mentioned denomination of the purity is enough. It is beneficial in case of personal emergencies, market disturbances, economic inflations etc. If you want to pay less for post office coins, consider buying second-hand post-office coins such as from the Royal Canadian Mint. It can be bought off the shelf from a convenient location around anytime of the year. Useful links, extra information and related services. Moreover, it is referred to as one of the safest investments because it is an excellent hedge against inflation. But, there are many other ways to be in possession of this precious metal than the most common aforementioned ones. Another important point to note if you do decide to buy gold coins from the post office; is that the collectible coins that are sold online are slightly more overpriced than typical gold bullion coins as they are manufactured specifically for collectors. Indian Post offices offer pure, branded, nationally and internationally certified gold. Just perform a quick search from the homepage to see how we can help. This very special 40th Anniversary Coin release from The Royal Mint celebrates four decades of Christmas classic The Snowman™. *50% promotion offer does not apply to items bought directly from Royal Mint. Just how gold is a hedge against inflations, it retains its value in times of financial crisis and geopolitical uncertainties as well. required for aadhar card. Required fields are marked *. If you want to invest in gold coins compare prices on our website first to get the best price. It adheres to the international standards of purity and safeguards the investor’s interests. The multiple options available in the form of gold and the way to procure it have made procurement procedures extensively easy and convenient. The ease of selling is another notable benefit of procuring gold coins. Fusce at tortor ipsum. Gold coins can be bought through post office in the similar procedure as that of purchasing from banks. Celebrate big moments and cultural icons with quality collectible coins. A model of the coin is scanned digitally and the file is used to make the die that will strike the coins. Gold, as a precious metal, is highly preferred in India; its significance stems from the rich history of the nation with its diverse traditions and cultural importance. Gold coins can be bought through post office in the similar procedure as that of purchasing from banks. It is to be noted that gold mined in its entirety is around 160,000 metric tonnes. That said, it is still advisable to enquire, compare and choose the right medium to invest in gold. An assured quality of gold coin with tamper-proof packaging makes the scheme reliable. IRDA/ DB 556/ 13 , Valid till: 26/12/2022, Citizen Health Insurance, Pradhan It can now also be purchased through post offices! Allianz Investment Plans, Aadhar Did you know that you can do exactly that on Buy Gold Online? This is because they can be bought in a minimal denomination of 0.5 grams. The different types are: Gold coins in India have played a significant part in various dynasties, starting from around the Gupta dynasty to this age. As discussed in the previous subtopic, gold has played a big role in Indian households for many generations. Whereas, a purchase lesser than that does not require KYC documents. The main role of The Royal Mint is to make and distribute Britain’s coins, including every coin in circulation here today. If you are new to buying gold coins for investment purposes as opposed to collecting, the post office is probably the wrong place to look. 50,000 or more, it is mandatory to carry KYC documents and PAN card.