Is a gold coin worth buying?

Since the earliest days of recorded history, gold has continued to serve as a global symbol of prosperity. Based on its beauty and scarcity, ancient societies revered precious metal as a symbol of rank and power. Gold was used to create ornaments, jewellery, and early forms of currency.

Over the centuries, the obsession with gold has hardly changed. Now gold is not used as currency anymore, but still it exists. People buy gold coins to keep them as an investment and use it whenever financial emergencies occur. Nowadays, gold is mostly purchased either for personal use or investment purposes. Obviously, for personal use, gold jewellery is most preferred and for investment gold coins or gold bars are purchased.

But many times a question arises: should one buy gold jewellery or gold coins? In this blog, we will know more about which one is worth buying gold jewellery or gold coin.

Everyone’s favorite Diwali is about to start and the biggest gold transactions occur during Diwali and DhanTeras. People believe buying gold on Dhanteras and Diwali is very auspicious. But often there is confusion while buying gold jewellery or gold coins. Actually, it is an individual's decision what to buy from the two options. Undoubtedly, buying gold coins is relatively easier than buying gold jewellery. Gold coin offers the option to buy coins at a lower price compared to gold jewellery. People of any economic background can afford to buy at least 2 grams of gold coins at an affordable price. In this case, gold jewellery serves as an investment alternative as well, but coins have an added return value and, in addition, coins never need to be remolded.

Before you rush out to buy a gold coin there are a few things you need to know.

Purity of gold:

Naturally, gold is the softest metal that cannot be used without adding other alloys or metals such as copper, silver, or zinc. The purity of gold signifies the amount of adulteration that has been done to gold in order to provide strength and durability. Therefore, gold purity is measured in karats. For example, a 24-karat gold coin means the 24 parts of the composition of the coin of pure gold.

Hallmarking:

A main factor is that it can make your purchase a good option for investment. Therefore, gold coins should be stamped with a BIS hallmark which certifies the level of purity. The hallmark removes the risk of fraud while buying gold jewellery.

Making charges:

As said, earlier gold coins are affordable compared to gold jewellery. The reason behind it is making charges. Making charges on coins is less expensive than buying gold jewellery. Therefore, purchasing gold coins is a good investment option to accumulate gold wealth for a secure future.

Denominations:

Gold coins in India are available in the range of 5 grams, 10 grams, and 20 grams. And sometimes the size of the coins is customized as per the buyer's requirements and budget.

Ease of selling:

Now when you have purchased gold coins spend your hard-earned money. It should be sold at a proper gold rate only so that you don’t incur a loss. Apart from these, selling gold coins has certain clauses that one should know before buying a golden coin. Suppose, you buy a golden coin from a bank that can’t accept it back as per the Reserve Bank of India’s policy. Therefore, it is recommended to buy from a good gold dealer like Augmont Gold For All.

Why buy Gold Coins?

Gold Coins are purchased by Indians for three main reasons: family or corporate gifting, auspicious or religious significance, and personal investments. During festival and wedding seasons, it remains in high demand. According to Indian tradition, festivals such as Diwali, Dhanteras, and Akshaya Tritiya are auspicious times to buy gold. It is also considered a good investment due to its transparent pricing, low making charges, and high returns. Individual investors can also buy coins to save money. Corporate entities also purchase large quantities for gifting.

How to buy Gold Coins?

Till now you just had the option to buy golden coins by visiting a store physically. But now the scenario of buying gold articles has changed like online shopping. From the comfort of your home, you can purchase golden coins online too. It might sound unbelievable but now buying gold is possible with just a few taps on your smartphone. This amazing facility to buy golden coins online in India is provided by Augmont Gold For All.

To purchase gold coins online you just need to visit the Augmont Gold For All website. Further, on the website, there is a section where you will find a variety of coins with their prices, gms, and other relevant information. From the available list , you can select any of your choices and make the payment online by providing your payment details. That’s it within these few steps you can buy a golden coin easily!

How buying Gold Coins is a good investment?

The golden coin is one of the most popular investment options, particularly in India. People have begun to consider investing in a gold coin as one of the best ways to save money, thanks to the availability of various loan schemes against gold. It is not only a low-risk investment option, but it also provides better security, making it a stress-free way to invest.

Gold is said to be a tangible asset with a long history of commanding a high market value. As a result, purchasing golden coins for investment allows you to be confident in your future returns. While other investment options may be risky, gold is relatively stable and will always protect your money over time. In this regard, let us carefully consider why purchasing golden coins is a good investment, as explained below.

Benefits of Buying Gold Coins for Investment:

Protects against inflation risk:

Gold is said to be an inflation hedge; it has outperformed the inflation rate and reduced risk by a large margin. Many people consider gold as an alternative to currency, especially when the local currency loses value. Gold is a real physical asset that holds its value in the market, proving that purchasing gold coins is a worthwhile investment.

No maintenance required:

The best thing about buying gold coins is that, unlike other tangible assets, you don't have to worry about its maintainence. You can easily keep gold coins safe at home for a number of years and sell them whenever you want at the current market price. This is one of the primary advantages of investing in gold coins to secure your and your family's future.

Alternative way to save money:

Purchasing gold coins is a good way for those who cannot save money in currency to do so. The importance of gold in today's economy stems from its ability to successfully preserve wealth over thousands of generations. The same cannot be said for paper currency, which adds to the benefits that make gold coins a good investment option.

Conclusion:

Gold can also be utilized in a sophisticated way to pass wealth down to future generations. The demand for gold from the Chinese and Indian governments keeps the price of gold high. Due to its strong durability, gold is known as a crisis commodity and performs better than other commodities during periods of economic uncertainty.