What to look for while buying gold coins
Investing in gold coins is becoming a hot trend these days. The festivals like Akshaya Tritiya and Dhanteras often witness very high sales of gold jewellery and gold coins in India. Apart from the usual gold stores and jewellery showrooms, today there are several e-stores from where you can easily buy 1gm gold coins or its heavier counterparts. There are a large number of online stores that offer one of the lowest gold prices in India.
Investing in Gold Coins
If you have been thinking about investing your hard earned money, there can be nothing better than 50gm, 20 gm, 5gm, 2gm or 1gm purity gold coins. In today's fast changing economic scenario, one needs to be very careful about where to invest and when to invest the money. There is numerous factors which can affect your lifetime savings and thus, you should chose an investment option which not only keeps your money safe but also help you earn from savings.
Buying simple gold coins like a 1gm gold 999 purity once or twice a year is a good investment idea as gold coins have shown a rising trend and their prices are also relatively stable. Gold coins have also proved one of the highest yielding investments when compared to other investment options. Whether you want to buy a 50gm gold coin online or a smaller one, there are various online jewellery stores which have sprung up in last few years and are selling gold coins at highly competitive prices. But, it's important that you do not get tempted by the price and buy from a store that offers certified gold coins only.
When to buy?
As, Gold is one of the best investment options but buying it at the right time will help you some more money. The gold rates keep on fluctuating on daily basis, so you must keep an eye on the rates and should purchase the 1gm gold coin 999 purity, when the price of the coins dip. You may find some online stores which offer attractive discounts on festivals like Dhanteras and Akshaya Tritiya. You can take the advantage of the discounted prices and can save some money while purchasing the coins. There are some web stores which also offer specific discounts like discount for women on women's day or discounted jewellery prices during Diwali, Eid or Holi. You can grab these opportunities and can save money while investing in gold. Sometimes you may get a free gold coin with your gold purchase.
But always remember that whenever you buy a 999 purity 1gm gold from a e-store, check that if its BIS Hallmarked or not. A 1gm gold coin which has not been certified as BIS Hallmarked coin may not meets the purity standards and may not prove as a valuable investment option. So, be very careful to buy your 999 purity 1gm gold coins from both e-stores and the traditional brick & mortar showrooms.