If you also buy gold coins on Diwali, then keep these things in mind: Gold Coin Purchase

Gold Coin Purchase: Purchasing gold and silver jewelery on the occasion of Diwali is considered auspicious. Apart from this, people also buy a lot of gold coins at this time. During festival times, there is huge demand for gold Lakshmi-Ganesh and Victoria coins in the markets. But, sometimes one gets cheated while buying gold coins. There are many categories of gold depending on its quality. Besides, there is a danger of adulteration in gold during this period. Therefore, it is important to keep some things in mind while purchasing them. Know the things to keep in mind while buying gold coins-

BUY FROM RECOGNIZED SELLER

Whenever you buy gold coins on the occasion of festival, buy them only from a recognized jeweler. While buying coins, be sure to find out about the price and making charges. Many times people buy gold coins online or from a small jeweler and later find out that they are not pure. To avoid such fraud, coins should be purchased from big and BIS approved sellers only.

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Buy gold only after seeing hallmark

The purity of gold is identified by the hallmark. According to the Bureau of Indian Standards, the gold regulatory body of the Government of India, only hallmarked coins are considered pure. Any jewelery or coin without hallmark cannot be sold in the market. Therefore, always buy only those coins which are hallmarked. The purity of gold jewelery is measured according to 22 carats, while the quality of coins is considered to be 24 carats.

Stay informed about the price of gold

If you are planning to buy gold coins, then first get information about its market price. Making charge is shown separately in the bill. If the jewelers charge you more for buying these gold coins, then if you have good information, you can reduce this charge.

Pay attention to packaging

If you are buying gold coins, it is important to pay attention to their packaging also. These coins should be purchased in proof packaging only. Packaging protects you against counterfeiting, fraud and loss. Even after purchasing the coin, do not tamper with its packaging in any way because when you resell these coins, this packaging ensures the reliability of the purity of the coin.

check your weight carefully

Gold coins come in different shapes and sizes and have different prices. Buy a coin of correct weight after knowing its price. Starting from 0.50 grams you can buy ready gold coins up to 50 grams. If you want more weight, you can get them custom made.

So, you too should keep these things in mind while buying gold coins this time.