Gold Coins Of India

India Jahangir zodiacal gold coin Leo by zeevveez

Karat Value

The purity level of the coins is measured in karats. Pure gold is not used to make jewellery instead it is combined with other metals to enhance the properties of the precious metal. The karat value describes the amount of the gold and other metals present in jewellery or coin. Commonly coins and jewellery are available in 14, 18, 22, and 24 karat levels. A 22 karat coin is 91.67 percent pure, while a 24 karat coin is 99.9 percent pure. Price of a gold coin increases with purity. For instance, 24 karat gold coin is more expensive compared to 22 karat coins and so on. Generally coins are made using 22 and 24 karat gold rather than 14 and 18 karat gold as its investment value is higher.

Denomination

In India, you can get coins in a range of denominations and begins with half gram and goes up to 50 grams. The price of the coin increases proportionately with respect to the weight of the coin.

Price

The price of a gold coin is determined by various factors and varies almost every day. In general, price is determined by the karat value, denomination, and the place where you buy it. The price of 24 karat gold in India is also influenced by other factors such as world economy and the status of the international market. In India, during festivals such as Akshaya Tritiya and Diwali many stores offer sales and discounts. You can save on a great deal of money by shopping for coins during festival season.

Design

Gold coins in India are available in a plethora of designs to satisfy customer’s needs and preferences.

Coins sold at banks usually carry the logo and emblem of the financial institution. Online stores, on the other hand, provide coins with a variety of spiritual and religious symbols. Coins engraved with images of Goddess Lakshmi, Lord Balaji, Lord Ganesha, Lord Krishna, and saints are popular choices.

Online Store

There are many online stores to buy coins, but you should cross check the reputation and reliability of the e-store before you make your purchase. Also compare the prices of one store with the other and then make a wise decision.

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Gold Coins Of India related articles…

With so many people it is not surprising that India is one of the top consumers of gold, fine out more about this here:
india, china top gold consumers – www.thebull.com.au

http://www.thebull.com.au10/9/13

india and china consume more gold jewellery, gold bars and gold coins than any other countries. … India and China consume more gold jewellery, gold bars and gold coins than any other countries. Share |. mas Text size + …

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In reaction to India obsession with gold, the Indian Government has restricted the sale of gold coins in the country. Interested in this read more here:
India restricts gold imports even further: bans coins, medallions …

http://www.mining.com8/14/13

Only gold coins, medallions and dores with a special licence from the foreign trade office can be sold in India.

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High gold demand plus restriction on gold sales leads to what? Smuggling! Read an example of someone caught smuggling gold to India here:
Burqa-clad Women Arrested in Record Gold Smuggling Bust in India …

http://blog.gainesvillecoins.com9/19/13

Two burqa-clad women was caught by Indian customs officials at Cochin International Airport with 20 kg (44 lbs) of gold bars strapped to their bodies. The two women, in their mid-20s, had jackets specially-made to hold the …

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