26 C
Gurugram
Friday, September 30, 2022

Gold Price In Aurangabad – Buying & Selling Gold In Aurangabad

Must read


Gold price by Investorocean.com

Advantages & Disadvantages of Buying Gold Bars & Gold Coins  in Aurangabad

Physical gold has a fan base of its own; of a more traditional nature, the physical gold is available in different form such as gold jewellery, gold bars, and gold coins. While gold jewellery can be worn or stored easily, gold bars and gold coins have specific purposes. 

Here are few of the advantages and disadvantages of buying gold bars and gold coins.

Advantages

Gold Coins in Aurangabad

  • Gold coins are collectible item; you can buy and own coins of smallest of gold value available.
  • Like other physical gold, the price of a gold coin goes up when other stocks fall
  • They are convenient to carry, store and is thus a preferred gift item.

Gold Bars in Aurangabad

  • For big investors, gold bars are the preferred choice, as they can be easily exchanged for finance
  • They can be made in to a desired jewellery whenever you feel and in the design of your choosing.
  • The gold bar is usually hallmarked for its purity, which is usually 999.9 and has the information of the manufacturer, so as to authenticate its value.

Disadvantages

Gold Coins in Aurangabad

  • Sometimes the premium on the coins, which includes the making charges are more than the spot prices of the coins, hence could mean a decreased value.
  • There is always the worry of safety with gold coins, and you would need bank lockers to secure the coins.

Gold Bars in Aurangabad

  • It cannot be obtained from a local vendor, and thus difficult to acquire.
  • Gold bars are not for everyone and at times is difficult to exchange without proper documentation

Purchasing Gold ETFs Vs Gold coins Vs Gold Jewellery in Aurangabad

Gold investments are fruitful, and these days there are several forms of gold investments available for you. Each gold investments has its own advantages and drawbacks, and each is suitable for a certain investment plan. You can purchase Gold ETFs, Gold Coins and Gold Jewellery as an investment.

Gold ETFs are digital gold and is generally traded in the Exchanges like stock, they can be acquired easily with Demat Account or through mutual funds, while gold coins and gold jewellery can be bought through any manufacturer or jewellers, these days they are also available on online platforms as well.

Gold ETFs are generally evaluated as one gram of gold of highest purity i.e., 99.9% gold, but a intrinsically designed gold jewellery can only be 22 carat (92% gold) or lesser because a 24 carat gold is difficult to mould and is fragile. Gold coins can be available in a variety of sizes and weight and can be 99.9% hallmarked.

Gold coins are usually cheaper than Gold ETFs or Gold Jewellery because gold coins price do not include making charges or brokerages, which is included in Gold ETFs or Gold jewelleries, respectively.

Gold ETFs, coins and jewellery, which are held for a period of less than 3 years, are subject to tax as per the income tax slab rates. For investment held for a longer period the gains from such investment is taxable at 20% for gold coins and jewellery, and for ETFs the gains are taxable at 20.8%.

Gold Price In Mumbai | Gold Price In Pune | Gold Price In Nagpur | Gold Price In Thane | Gold Price In Pimpri Chinchwad | Gold Price In Nashik | Gold Price In Kalyan Dombivli | Gold Price In Vasai-Virar | Gold Price In Aurangabad | Gold Price In Navi Mumbai | Gold Price In Solapur | Gold Price In Mira-Bhayandar | Gold Price In Jalgaon | Gold Price In Bhiwandi | Gold Price In Amravati | Gold Price In Nanded | Gold Price In Kolhapur | Gold Price In Akola | Gold Price In Ulhasnagar | Gold Price In Sangli-Miraj & Kupwad | Gold Price In Malegaon | Gold Price In Latur | Gold Price In Dhule | Gold Price In Ahmednagar | Gold Price In Satara | Gold Price In Chandrapur | Gold Price In Parbhani | Gold Price In Ichalkaranji | Gold Price In Jalna | Gold Price In Ambarnath |Gold Price In Bhusawal | Gold Price In Panvel |

Contact US


- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Contact US


Latest article

Stock Market Trend

Dubai Visa from India

How To File Income Tax Return