The extended festival period which starts from Navratri and goes on till the Christmas is an occasion for people to buy gold. It can be as an investment or because of the value Indian households attach to this precious metal during the festival period. For Hindus, Dhanteras is one occasion where, as a part of tradition people like to buy gold. If you are planning to buy gold coins on this occasion, you must know these useful things! 

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The essential things to know while buying a Gold Coin: 

Gold coins are available from 1 gm to 100 gm denominations. You can buy it from jewelers, banks and also purchase it via online modes. The government gold coins are also available. The advantage of Gold Coin is that it can be encashed at any time. It does not incur making and wastage charge at the time of selling. You can also get gold coins in exchange of jewellery.  

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Zee Business guest Kumar Jain of Umedmal Tilokchand Zaveri – a Mumbai based jeweler – gives us some tips to buy Gold coins. He said that people should go to branded showrooms to buy coins. He said that the quality of gold is of paramount importance and that can be assured in branded products. Currently there is no provision of hall marking and it is difficult to get it done on coins. 

He said that non-branded coins may come cheap but there is no guarantee on its genuineness he added.      

This is important because the customers will be able to get a good price on it when they go to sell the coin. The brands offer the coins in temper proof packings which cannot be broken. This minimises the chance of any manipulation.  

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The advantage with Gold coin is that there is no reduction in cost of the coin. It will be purchased at the market rate.