What to Check Before Buying Physical Gold?

A Haven Investment

Gold has been a preferred investment option since ancient times. And now that the festive season is here, there will be a spike in the gold purchase.

India’s Preference for Physical Gold

Traditionally, Indians prefer buying gold in the physical form, whether for investment, gifting or personal occasions.

Gold Coins & Bars

Gold coins and bars can be purchased from jewellers & banks. Gold coins are usually made of 24-karat gold & are hallmarked to meet the BIS standards. Always remember to check the purity standard.

Gold Jewellery

Since 24k gold is too soft to be made into jewellery, 22k & 18k gold are more popular for jewellery making

How to Check Gold Purity?

You can check gold purity in the following ways: BIS Mark Gold Karat Jewellers Identification Mark

What is the BIS Mark?

The Bureau of Indian Standards (BIS) is a government authority that certifies the purity of gold. Pure gold will have the following signs: a) BIS logo b) Purity/Fineness grade c) Six-digit Alphanumeric code,      known as HUID.

Gold Karat

22-karat & 18-karat gold are used for jewellery making. Remember to take the required documentation for the gold karat from the jeweller.

Major Difference Between 24K, 22K, & 18K Gold

According to the World Gold Council, 24K gold contains 99.9% of gold. On the other hand, 22K contains 91.7%, & 18K contains 75% gold.

Jewellers Identification Mark

The gold you buy should carry an identification mark by an authorised jeweller to ensure the gold is from a credible source. 

Gold - The Auspicious Metal

Gold is a fantastic inflation hedge. It has historically been viewed as a haven investment during `international instability.