Does post office sell gold coins?

Gold coins can be bought through post office in the similar procedure as that of purchasing from banks. Those looking to make investments on gold of higher value- Rs. 50,000 or more, it is mandatory to carry KYC documents and PAN card.

How can I get gold coin from post office?

Both Post office customers as well as non-customers can buy Gold Coins from designated branches. A customer can buy gold by issue of a cheque from their accounts or provide a debit instruction. Non-customers can deposit cash for buying of Gold Coins if the value is less than INR 50,000/-.

What is the rate of 1 gold coin?

Today’s Gold Rate

Which Gold Coin is Best Buy?

Though buying gold coins from bullion traders is considered as the best and the cheapest option, gold can be bought from jewellers, banks and bullion traders as well. A 24 karat 10 gram gold coin cost actually has 10 gram of 24 karat gold rate along with making charges, mark-up charges and government taxes.

Which bank gives gold coins?

Yes. Both Union Bank customers as well as non customers can purchase Gold Coins from our branches. Union Bank customer can buy gold coins by issue of cheque from their accounts or provide a debit instruction. Non-customers can deposit cash for purchase of Gold Coins if the value is less than Rs.

What is gold Bond in post office?

The Department of Posts is gaining more investors for its sovereign gold bond scheme, which was introduced as an alternative to physical gold. The scheme is offered in tie-up with the Reserve Bank of India (RBI).

Can I buy gold without GST?

GST is not only levied in case of buying physical gold, but also in the case of digital gold. So, in case you are buying digital gold, apart from the other charges, you also need to pay GST at the rate of 3% as the digital gold provider buys physical gold in your name equivalent to the amount invested.

Can I buy gold from SBI?

Gold coins are available at authorised SBI branches where customers can purchase different denominations starting from 2 grams up to 50 grams. SBI assures purity and good prices based on the daily price of gold.

How much does a post office silver coin cost?

– Bullion Supplier: A 1.0 oz. 99.99% Silver Coin for CAD $24.30 at time of writing. That’s roughly $125 more or nearly 5 x as much… There is very little reason to buy coins from the Post Office if you’re not a fan of specially designed premium coinage.

How much does a Canada Post gold coin cost?

In some instances, rarity plays an important role in the pricing of Canada Post coins. Consider that the gold coin mentioned above (going for $2,888) is one of only 588 in existence. This point does not hold weight (excuse the pun) for the silver coin, however, which is one of 5,500.

How big is a 24 carat gold coin?

The post office sells 24 carat gold coins of the denominations of 0.5 grams, 1 grams, 5 grams and 8 grams. Right now, this service is quite limited, and not every post office sells gold coins. Buy gold coins from post office

How much gold is there in India now?

The estimates from websites like Gold Eagle suggest that the total private gold holdings in India are about 15,000 metric tonnes which is 9.6% of the world’s gold stock. It is to be noted that gold mined in its entirety is around 160,000 metric tonnes. Gold is an ideal metal, but not as much an ideal investment.