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Gold Price in Vasai Virar – Today Gold Rate In Market

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Gold price by Investorocean.com

Buying Gold Bars in Vasai-Virar

Gold bars or gold biscuits are rectangular pieces of gold that are particularly popular as an investment option. When planning to invest in gold, a gold bar is a much practical option simply because of its cost effectiveness. The difference in price for a jewellery and a gold bar is substantial and could be nearly 2% of the total cost. While buying gold bars there are few things that should be kept in mind such as the purity and reliability of the seller or manufacturer. 

Gold bars usually have the mark of purity, which is usually 999.9 and comes in different weights. Investing in a gold bar makes sense because bars have a smaller premium associated to them. Making charges are normally included in the premium, although shipping and refining fees are occasionally included as well. Larger bars are less expensive to buy, while smaller bars are simpler to sell on short notice. Always make sure that when you buy a gold bar, the bar is hallmarked i.e., certified for its purity, so that your investment is insured.

Purchasing Gold ETFs 

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 Vs Gold Jewellery

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%.

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