The gold prices in India vary every day due to a number of changing factors. Several international trends affect gold rates, and recently we saw a rise of about 16% in the past 4 months. The purity of gold again plays a crucial role to determine the gold rates. So, a 24-karat gold will cost you most than what an 18 karat or 22 karats would do.
The gold is always bought and sold in terms of weight. People in different regions of India use different names to call these units. Tola is a familiar name of the unit where 1 tola means 11.6 grams and 1 kg being 85.7 tolas approximately.
The gold coins in India are available in different weights letting individuals purchase the quantity fitting their budget. One can buy gold coins from banks, jewellers, online stores, post offices, etc. weighing between 1 gram to 10 grams. The artists and online stores might imprint the signs of gods and goddesses which makes the gold expensive than its standard rate because of the religious value attached to this precious metal.
If you buy gold exceeding an amount of Rs. 50,000, then you might have to submit your PAN card along. Further, ask the jeweller or the bank for purity certificate along with the coin. This helps you hike the coin cost. The purity may be 22 karats or 24 karats.
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