5 Things NRIs Should Know Before Buying Gold This Diwali

However other costs like making charges etc could be more expensive in countries particularly the U.S. and the U.K. So the consumer could be better off buying gold, particularly intricate jewellery, in India”, as quoted by TOI.

3. Buying Gold In Physical Form

Jewellery

Gold jewelries are usually bought during marriages and special occasions in India. A buyer of gold jewelries enjoys two advantages. Firstly, by wearing gold ornaments he can enhance his personality and secondly it acts like a safe investment option. However, jewellery also has a major drawback - there is a loss of around 30 percent due to making and melting charges when you buy and sell.

Coins and Bars

You can buy gold bars and coins both from banks and jewelers. One special feature of gold coin and bars are, they are made with 24 karat pure gold and comes with an international assay certification. Even the bullion coins are also not priced much above the prevailing gold price. These are available in various denominations ranging from 2.5 grams to 50 grams and are priced according to their weight.