Best place to buy GOLD biscuit?
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I prefer physical gold instead of gold funds
As they all comes with following warning
(Mutual Funds and Securities investments are subject to market risks and there can be no assurance or guarantee that the objective of the scheme will be achieved.) .
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What do you mean by Secondary Market Prices as resale value of Gold will be done as per Secondary market price.
Please refer the below url for more detail.
Gold Exchange Traded Fund - EquityBulls.com
As they all comes with following warning
(Mutual Funds and Securities investments are subject to market risks and there can be no assurance or guarantee that the objective of the scheme will be achieved.) .
--- Updated Post - Automerged ---
What do you mean by Secondary Market Prices as resale value of Gold will be done as per Secondary market price.
Please refer the below url for more detail.
Gold Exchange Traded Fund - EquityBulls.com
I need to have SBI account for buying the gold coins.
SBI Gold coin price latest rate gold biscuit offer
SBI Gold coin price latest rate gold biscuit offer
IIRC, ICICI also used to sell pure gold in various denominations. Most other banks also sell pure 99.9% gold coins.
Bank of India
Kotak Mahindra Bank
Bank of Baroda
ICICI Bank Pure Gold
Bank of India
Kotak Mahindra Bank
Bank of Baroda
ICICI Bank Pure Gold
Aman27deep
Herald
Reputed sellers include tanishq and others.
You need to ask your friends who is reputed in enough in your area
Dont buy from banks as they are mostly 20-30% expensive than market rate though 100% safe bet to buy but whats the point when they dont buy-back hence you loose another 10-15% when when u need money.
NSEL and gold etf too are good option.But they also carry vault charges,insurance and other charges upto 3-4% on investment in whole year.Plus if you have idle cash lying around and if you buy these they become part of your white investment hence need to be form part of your balance sheet and profit and lost statement.Also if gold and cash in your account surpasses 30 lakh limit in your account you need to pay 1% wealth tax (say total 29 lakh 99 thousand...no wealth tax.Say 30 lakh total.30000 you need to pay as wealth tax.Though this rule will change in DTC).In short investing in NSEL and gold etf forms part of white investment and they do also carry charges and also have its short coming too.
BUying from a single reputed dealer and than selling to him helps you earn extra.If you buy from one and sell to another they sometimes give value 8-10% less than present market rate.
Decide what you want to do and buy.
Only problem with silver is it turns blackish if kept in physical form.I dont have idea about its buy-sell structure and what charges it involve.But in long term say 10 year silver is better bet than gold in term of return in investment.
You need to ask your friends who is reputed in enough in your area
Dont buy from banks as they are mostly 20-30% expensive than market rate though 100% safe bet to buy but whats the point when they dont buy-back hence you loose another 10-15% when when u need money.
NSEL and gold etf too are good option.But they also carry vault charges,insurance and other charges upto 3-4% on investment in whole year.Plus if you have idle cash lying around and if you buy these they become part of your white investment hence need to be form part of your balance sheet and profit and lost statement.Also if gold and cash in your account surpasses 30 lakh limit in your account you need to pay 1% wealth tax (say total 29 lakh 99 thousand...no wealth tax.Say 30 lakh total.30000 you need to pay as wealth tax.Though this rule will change in DTC).In short investing in NSEL and gold etf forms part of white investment and they do also carry charges and also have its short coming too.
BUying from a single reputed dealer and than selling to him helps you earn extra.If you buy from one and sell to another they sometimes give value 8-10% less than present market rate.
Decide what you want to do and buy.
Only problem with silver is it turns blackish if kept in physical form.I dont have idea about its buy-sell structure and what charges it involve.But in long term say 10 year silver is better bet than gold in term of return in investment.
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