If i want to purchase gold for investmnet purpose say in the form of bars where to buy it from?

Question

If i want to purchase gold for investmnet purpose say in the form of bars where to buy it from?

Answer 1

Most of the banks like ICICI, HDFC, SBI, IDBI, Corpration bank, Axis Bank are offering Gold in the form of Coins and Bars for investment purposes.

Answer 2

now the gold's rate is too high

rate may b fall down

so do not invest in

Answer 3

At present it is very risky

Answer 4

You can buy N.I.B.R. ( National Indian Bullion Refinery) gold coins from any jeweller. Even NIBR has outlets. Price will vary from shop to shop. Buying gold from any bank in the same form is very costly.

Best way to invest in gold is thru Gold ETFs which are available thru stock brokers. You need a demat a/c for that.

Answer 5

Most of the leading banks today sell this yellow metal in this form.  You can step into the bank, pay the as on date price for the gold and buy these.

Alternatively, leading jewellery stores too have this.

Answer 6

This is not quite an answer; however, if you are in the US, understand that the Dept of Homeland Security requires that gold and silver dealers must provide DHS with the names and addresses of all their customers.  Big Brother is keeping an eye on you, me and all of us.

Answer 7

It is silly to hold the gold itself.  Buy a gold fund.  There is a management fee, but they also generate more money by "lending" out the gold when needed.  If you wanted to invest in oil would you get a taker and fill it up?

Answer 8

Look up Credit Suisse. They are the best for purchasing inglets. It is a Swiss bank.

I personally have a few bars from them and they have gone up in price alot lately.

Answer 9

In the Philippines, you can buy bars from small time gold miners in the province, specifically Paracale or Jose Panganiban in Camarines Norte (near Daet, Bicol). Typically its around 18K in purity, and they sell it by an obscure measure of unit called "bahay" which is 1/2 a gram. You can buy it there at 3-6% below prevailing spot rate, and they get the text updates of current price of gold, so dont expect to get firesale prices. Bring a reliable scale so you can weigh, as well as your scratch stone / gold testing device. Once you want to sell it sometime in the future, just bring it to Bangko Sentral in QC and they will pay you market rate for it, minus a minimal "fire assay" fee of around P800-P1200.

On the other hand, if you want stamped bars (such as Credit Suisse bars or gold coins) - you will pay 5-10% OVER market rate, and can buy it anywhere online. But I dont know how you can bring it in the country (unless you fly to USA or Europe, and hand carry it back).

Another option is to purchase gold stock, GLD on the NYSE and its a lot easier to monetize. Its pegged to the current gold market price, so you can easily purchase it and sell it using your computer. Its far easier to click a mouse than drive to Bicol to buy the stuff from a country bumpkin.

Answer 10

Many coin dealers also deal in bullion.