Bajaj Finserv
|

Bajaj Finance Limited

|
English
  • English - EN
  • हिंदी - HI (BETA)
Sign In
EMI Card
Notifications
Notifications
Cart
Partners
  • Fixed Deposit (IFA) Partner Fixed Deposit (IFA) Partner
  • Loan (DSA) Partner Loan (DSA) Partner
  • Debt Management Partner Debt Management Partner
  • EMI Network Partner EMI Network Partner
  • Become a Merchant Become a Merchant
  • Partners Sign In Partners Sign In
Menu
  • Loans
  • All on EMI
  • Bajaj Mall
  • Card
  • Investments
  • Insurance
  • Payments
  • Offers
  • Services
  • About Bajaj Finserv
  • Pay EMI Pay EMI
  • Do not call Do not call
  • Download the app Download the app
  • Home
  • Account
  • More
  • Pay EMIs
  • Menu
  • Gold loan eligibility
  • Gold loan calculator
  • Gold loan interest rate and charges
  • How to apply

Benefits of Buying Gold Coin

Learn about the benefits of buying gold coins and how fluctuations in the gold price can impact the value of your financial portfolio.

Check your eligibility for gold loan in just a few clicks

Significance of Gold and Gold Coins in India

In India, gold holds immense cultural, social, and economic significance. Beyond being a precious metal, gold coin ownership has gained popularity due to its versatility and value. Gold is deeply intertwined with traditions, festivals, and celebrations, where gold coins are often gifted as tokens of blessings and prosperity. The benefits of buying gold coins go beyond just aesthetics—they offer financial security and are easy to store and liquidate when needed. Whether purchased for investment or tradition, gold coin benefits include high resale value and authenticity, especially when bought from trusted sources. The benefits of gold coin purchases are also evident during emergencies, as they serve as quick sources of funds without loss of sentimental jewellery. Indians have a strong affinity for gold in all forms, especially jewellery and coins, with weddings and festivals driving substantial demand. Keeping track of gold coins price ensures smart buying decisions, making gold coins both a cultural and financial asset.


What are gold coins?

Gold coins are tangible assets made of gold and minted by governments or private mints. They typically carry a face value and purity level stamped on them. Gold coins serve as a form of investment, wealth preservation, and collectible item due to their intrinsic value and historical significance.

Buying a gold coin can be a smart move for a few reasons. Firstly, gold has always been a good way to keep your money safe when prices go up. Having gold coins means you have got something real and valuable that you can hold in your hand. You can easily buy or sell them in different sizes, which makes them really handy. They are not just an investment. They are something special you can pass on as a gift or keep in the family. Checking out the gold coins price can give you an idea of how much you might need to spend or what they could be worth later on.

Checking out the gold coin rate can give you an idea of how much you might need to spend or what they could be worth later on.

Benefits of buying gold coins

  1. Diversification: Gold coins offer a way to diversify an investment portfolio, reducing overall risk by spreading investments across different asset classes.
  2. Store of value: Gold has historically maintained its value over time, serving as a hedge against inflation and economic uncertainty.
  3. Liquidity: Gold coins are easily bought and sold, providing liquidity and flexibility in the market.
  4. Tangible asset: Owning physical gold coins provides a tangible asset that you can hold, store securely, and potentially pass down through generations.
  5. Global acceptance: Gold coins are recognised and valued worldwide, ensuring their acceptance and tradability across various markets.
  6. Protection during crises: Gold often performs well during times of economic downturns or geopolitical crises, providing a safe haven for investors.

Remember, while gold coins offer these advantages, their value can fluctuate, and investment decisions should align with individual financial goals and risk tolerance.

Factors affecting gold coin prices

The gold coins price in India is influenced by several important factors. Global gold rates, currency exchange values, import duties, and market demand all contribute to price fluctuations. Local taxes such as GST and making charges also affect the final retail price of a gold coin.

Additionally, the purity level—usually 22K or 24K—determines the value. During festivals and wedding seasons, when demand surges, prices often rise. One of the key benefits of buying gold coins is that they come with assured purity and quality, especially when hallmarked. The gold coin benefits also include high liquidity and the ability to use them as collateral for loans. The long-term benefits of gold coin investments lie in their resilience against inflation and market volatility. Buyers often track the gold coins price closely to ensure profitable purchases. Overall, understanding these factors helps maximise the benefits of buying gold coins efficiently.


How to check gold coin purity and hallmark

When buying a gold coin, checking its purity is essential to ensure you get what you pay for. The easiest and most reliable way is to look for the BIS Hallmark. This hallmark certifies the purity of the gold, issued by the Bureau of Indian Standards. A BIS-hallmarked coin will have three key markings – the BIS logo, the karat/purity (such as 22K or 24K), and the assaying centre's identification mark.

These symbols guarantee that the gold coin meets national purity standards. This is one of the major gold coin benefits, ensuring transparency and trust for buyers. If you want to confirm authenticity, you can visit the official BIS hallmark website to understand the hallmarking process. Checking these details adds to the overall benefits of buying gold coins, especially for long-term investment and resale.


Gold coins vs gold jewellery – which is better?

When choosing between gold coins and gold jewellery, your purpose plays a major role. If you are looking purely for investment, gold coin benefits include higher purity, lower making charges, and better resale value. Jewellery, on the other hand, combines both aesthetic and emotional value.

Benefits of buying gold coins:

  • Generally come with 24K or 22K purity
  • Lower making charges compared to ornaments
  • Easier to store and sell
  •     High liquidity during emergencies

Gold jewellery is ideal for wearing and gifting during weddings or festivals. However, it involves higher making charges and may fetch slightly less on resale. Still, both options have unique benefits of gold coin and ornaments, depending on your financial goals and cultural preferences. For pure investment, gold coins price and liquidity make them a smart option, while jewellery serves both utility and tradition.


Techniques to check purity of gold coin

Ensuring the purity of gold is essential for buyers and sellers alike. Here are some techniques to check gold purity:

  1. Hallmarking: Look for a hallmark stamp indicating purity and authenticity, typically found on the jewelry piece.
  2. Acid test: Apply nitric acid to a sample of gold; genuine gold will not react to the acid.
  3. Magnet test: Gold is not magnetic, so if a magnet attracts the metal, it likely contains impurities.
  4. Specific gravity test: Submerge the gold in water and measure its displacement; pure gold has a specific gravity of 19.32.
  5. XRF analysis: Use an X-ray fluorescence machine to determine the elemental composition of the gold accurately.

By employing these techniques, buyers and sellers can verify the purity of gold, ensuring fair transactions and peace of mind.

Things to keep in mind when buying gold coins

  1. Authenticity and source: Ensure the authenticity of the gold coins by purchasing from reputable dealers or recognised sources. Fake gold coins in the market, so verifying the source is crucial to guarantee their purity and value.
  2. Purity and weight: Gold coins come in various purities and weights. Higher purity levels, often measured in karats, signify more valuable coins. Understanding the purity and weight helps determine their market value and potential gold resale value.
  3. Market prices and timing: Keep track of current gold prices before purchasing to ensure you are not overpaying. It is essential to buy when prices are favourable and to avoid making impulsive purchases during price spikes.
  4. Storage and security: Plan for secure storage to safeguard your investment. Consider factors like insurance, safe deposit boxes, or home safes to protect your gold coins from theft or damage.
  5. Research and comparison: Take time to research and compare different types of gold coins. Consider factors such as collectability, historical significance, and premiums associated with specific coins. Understanding these aspects helps make an informed decision aligned with your investment goals.

Which ornaments or gold coins can be pledged for a gold loan?

When seeking a gold loan, you can pledge a variety of gold assets to secure the loan amount. Acceptable items include gold ornaments like necklaces, bangles, earrings, and rings, as well as gold coins. Typically, banks and financial institutions allow you to pledge gold coins with a purity of 22 karats or higher. The value of these pledged items determines the loan amount, while the gold loan interest rate is influenced by factors such as the lender’s policies and market conditions. It’s important to note that some lenders may have restrictions on the weight or quantity of gold coins eligible for pledging. Before proceeding with a gold pledge, ensure that the items meet the lender's criteria to maximise your loan eligibility and secure favorable terms.


Latest gold coin prices in India

The gold coins price in India fluctuates daily based on factors such as international gold rates, import duties, and currency value. Generally, the price of a gold coin is slightly higher than the market rate of gold due to additional costs like minting and packaging. The most common denominations include 1 gram, 5 grams, and 10 grams, often available in 22K or 24K purity.

While checking gold coins price, buyers should also factor in GST and any additional charges. It is advisable to compare prices from reputed jewellers or banks before making a purchase. Keeping an eye on the market helps investors better understand the benefits of buying gold coins, especially when planning long-term investments or gifts during festive seasons. Investing in coins not only offers financial security but also aligns with Indian cultural traditions.


How to store and secure gold coins

Storing gold coins safely is crucial to preserving their value and physical condition. The best way to ensure their security is by keeping them in tamper-proof packaging and storing them in a bank locker or home safe with restricted access. Some buyers also opt for insured storage services provided by banks or financial institutions.

Proper storage maintains the coin’s shine, purity, and resale value. This ties into the benefits of gold coin investment, as well-preserved coins fetch better prices when resold. Avoid frequent handling to prevent scratches or loss of mint condition. Another tip is to keep a digital and physical record of purchase receipts and hallmark certifications for future verification.

Safe storage is one of the overlooked yet vital gold coin benefits, making your investment not just valuable but also secure. A combination of physical security and proper documentation ensures peace of mind for long-term investors.

Your Gold Loan Requirement

whyapphl.png 1

Why choose Personal Loan

from Bajaj Finserv?

  • End-to-end online
  • Online KYC and E-Mandate made easy!
  • Fast-track your loan process

Loans for personal needs

Personal Loan image

Personal Loan

Home Loan image

Home Loan

Two-wheeler Loan image

Two-wheeler Loan

New Car Finance image

New Car Finance

Used Car Loan image

Used Car Loan

Car Loan Balance Transfer image

Car Loan Balance Transfer

Loan Against Property image

Loan Against Property

Loan Against Shares image

Loan Against Shares

Loan Against Mutual Funds image

Loan Against Mutual Funds

Loan Against Bonds image

Loan Against Bonds

Loan Against Insurance Policy image

Loan Against Insurance Policy

Loan Against Fixed Deposit image

Loan Against Fixed Deposit

Margin Trading Finance image

Margin Trading Finance

View More View Less

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (BAJAJ FINANCE) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same. 

Frequently asked questions

Is buying a gold coin worth it?

Investing in gold coins can be worthwhile due to their intrinsic value, liquidity, and ability to hedge against economic uncertainties. Additionally, gold coins offer a tangible asset that can be easily stored and traded, making them a popular choice for investors seeking stability and diversification in their portfolios.

Is it good to buy gold coins every month?

While buying gold coins monthly can provide a disciplined approach to saving and investing, it's essential to consider individual financial goals, market conditions, and diversification strategies. Evaluate factors like budget, gold rate, long-term objectives, and the potential impact on overall investment portfolios before making regular gold coin purchases.

Is it better to buy a 22K or 24K gold coin?

The choice between a 22K and 24K gold coin depends on personal preferences and investment goals. While 24K gold is purer, 22K gold coins offer greater durability due to alloying with other metals. Consider factors like budget, purity, and intended use when making your decision.

Which type of gold coin is best?

Gold coins with BIS hallmark certification are widely regarded as the best choice due to their guaranteed purity and authenticity. Endorsed by the Bureau of Indian Standards, these coins undergo rigorous testing, ensuring buyers receive genuine and high-quality gold coins, making them a trusted investment option.

Is gold coin better than jewellery?

Choosing between gold coins and jewellery depends on individual preferences and financial goals. While gold coins offer ease of storage and liquidity, jewellery holds sentimental value and can be used for jewel loans. Consider factors like convenience, investment objectives, and personal preferences when deciding between the two.

What is the current gold coins price in India?

The current gold rate in India fluctuates daily, influenced by global market trends, demand, and economic factors. As of today, the price of gold coins depends on their weight and purity. A 24-karat gold coin, considered the purest, generally costs more than lower-karat options. Gold coins typically range from 1 gram to 50 grams, and their prices can be checked with local jewellers or online platforms, ensuring transparency and accuracy when making a purchase.

What is the difference between a gold coin and a gold bar?

A gold coin is typically smaller and often issued in denominations ranging from 1 to 50 grams. It may carry a higher gold coins price per gram due to its intricate designs and smaller size. In contrast, a gold bar is larger, starting from 50 grams to over a kilogram, and generally has lower manufacturing costs per gram, making it more cost-effective for bulk investments. Both are excellent choices for gold investments, depending on individual financial goals.

What is the current price of a 10-gram gold coin?

The current price of a 10-gram gold coin depends on its purity, market gold rates, and the jeweller’s pricing policies. Typically, 24K gold coins are priced higher than 22K ones. Prices also include making charges and applicable GST. For the latest rates, it is best to check with a trusted jeweller or online platform.

Show More Show Less

Related articles

Article 1

Read More

Article 2

Read More

Article 3

Read More

More Videos

Online title of gold loan
 
 

Online title of gold loan

How to check your gold loan details
 
 

How to check your gold loan details

Features and benefits of Gold Loan Balance Transfer
 
 

Features and benefits of Gold Loan Balance Transfer

Features and benefits of our gold loan
 
 

Features and benefits of our gold loan

You are here

  1. Home
  2. Benefits of Buying Gold Coin

Related Links

  • On what kind of gold asset can I get a loan
  • How is your gold loan amount decided

 Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators.
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Download app image

Download App

Now request money from your friends and family and make instant payments.

Download App QR code
  • Make instant payments using with the Bajaj Pay UPI
  • Earn instant cashback on bill payments
  • Collect and redeem Bajaj Coins

Go To Top

Languages

  • English - EN
  • हिंदी - HI (BETA)

Application Forms

  • Personal Loan
  • Business Loan
  • Home Loan
  • Gold Loan
  • Insta EMI Card
  • Wallet Care
  • Health Insurance
  • Loan for Doctors
  • Fixed Deposit
  • Loan Against Property
  • Loan for Chartered Accountants
  • Open Demat Account
  • Two-wheeler Loan
  • New Car Finance
  • Used Car Loan
  • Loan Against Car
  • Car Loan Balance Transfer and Top-up
  • Mutual Fund
  • Secured Business Loan
  • Loan for Lawyer

Products Portfolio

Loans

  • Personal Loan
  • Insta Personal Loan
  • Business Loan
  • Home Loan
  • Gold Loan
  • MSME Loan
  • Mortgage Loan
  • Loan Against Property
  • Two & Three Wheeler Loan
  • Education Loan on Property
  • Personal Loan for Self-employed Individuals
  • Two-wheeler Loan
  • New Car Finance
  • Used Car Loan
  • Loan Against Car
  • Car Loan Balance Transfer and Top-up
  • Used Cars and Loan

Insurance

  • Health Insurance
  • Car Insurance
  • Pocket Insurance
  • Investment Plans
  • Appliances Extended Warranty
  • Pocket Subscription

Finance for Professionals

  • Loan for Doctors
  • Loan for Chartered Accountants

Investments

  • Fixed Deposit
  • Open Demat Account
  • Mutual Funds
  • NFO (New Fund Offer)
  • ELSS Mutual Funds
  • Equity Mutual Funds
  • Hybrid Mutual Funds
  • Debt Mutual Funds
  • Multi Cap Mutual Funds
  • Large Cap Mutual Funds
  • Mid Cap Mutual Funds
  • Small Cap Mutual Funds
  • Liquid Mutual Funds
  • Aggressive Hybrid Mutual Funds

Pocket Subscription

  • Mobile Protection Plan
  • Wallet Care
  • Fonesafe Lite
  • Neuro Care Plan
  • Health Prime Max
  • Cpp Road Assist
  • Healthy Body Package

Bajaj Mall

  • Smartphones
  • Mattress
  • Smartwatches
  • Cycles
  • Music & Audio
  • Speakers
  • Water Purifiers
  • Laptops
  • Two-wheeler
  • Washing Machine
  • Televisions
  • Air Conditioner
  • Refrigerators
  • Furniture

Services

  • Sign-in to our Customer Portal (My Account)
  • Manage your Profile
  • Manage your Mandate
  • Manage your Loans
  • Manage your Flexi Loans
  • Manage your Insta EMI card
  • Manage your Fixed Deposit

Wallets & Cards

  • Wallet
  • Bajaj Finserv Insta EMI Card

Value Added Services

  • Credit Pass
  • Gold Rate

Payments

  • All Payments
  • Wallet
  • UPI
  • Mobile recharge
  • Electricity Bill Payment
  • DTH Recharge
  • Loan Repayment
  • Gas Booking
  • Rewards
  • Bajaj Pay FASTAg
  • Bajaj Pay Wallet KYC Upgrade
  • Bajaj Pay FASTAg Registration
  • Bajaj Pay FASTag Replacement
  • Bajaj Pay FASTag Closure
Pre-approved Offers
Offers & Promotions
Article and Insights

Calculators

  • Personal Loan EMI Calculator
  • Home Loan EMI Calculator
  • Home Loan Eligibility Calculator
  • Business Loan EMI Calculator
  • Personal Loan Eligibility Calculator
  • Loan Against Property EMI Calculator
  • Education Loan on Property Calculator
  • FD Calculator
  • Gratuity Calculator
  • Income Tax Calculator
  • Top-up Loan Calculator
  • Part-prepayment Calculator
  • GST Calculator
  • Gold Loan Calculator
  • EMI Calculator
  • Used Car Loan EMI Calculator
  • Interest Calculator
  • SIP Calculator
  • Credit Score Simulator
  • Flexi Day Wise Interest Calculator
  • Flexi Transaction Calculator
  • Secured Business Loan EMI Calculator
  • Secured Business Loan Eligibility Calculator
  • Lumpsum Calculator
  • Step Up SIP Calculator
  • BMI Calculator
  • IDV Calculator
  • Commercial Loan EMI Calculator
  • Medical Equipment Finance EMI Calculator
  • Term Loan Calculator
  • Equipment Machinery Loan EMI Calculator
  • Doctor Loan EMI Calculator
  • Doctor Loan Eligibility Calculator
  • Chartered Accountant Loan EMI Calculator
  • Simple Interest Calculator
  • Compound Interest Calculator
  • Brokerage Calculator
  • Mutual Fund Calculator
  • Two wheeler Loan EMI Calculator
  • New Car Loan EMI Calculator

Legal

  • Moratorium Policy (Covid-19)
  • Moratorium Policy March 2020
  • Information Security Practices
  • Information Security Measures
  • Citizens Charter
  • Privacy Policy
  • Phishing
  • Disclaimer
  • Forms Centre
  • Fees & Charges
  • Fair Practices Code
  • Interest Rate Policy
  • Disclosures
  • Cautionary Notice
  • Whistle Blower Policy
  • Confidential Feedback
  • Resolution Plan 2.0
  • Terms & Conditions
  • Resolution Plan 2.0 FAQs
  • Ombudsman Scheme
  • SMA/NPA Account Classification
  • Terms of Use
  • Sachet
  • Handover of Property Documents
  • Notices
  • Policy on Fees & Charges
  • BFL - Floating Reference Rates

Reach Us

  • Contact us
  • Raise A Request
  • Frequently Asked Questions
  • Make Online Payment
  • Branch Locator
  • Our Partners
  • Galaxy - Partner portal
  • Bajaj Finserv for Business
  • Call Us

Corporate Office

6th Floor Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411014

Bajaj Finance Limited Regd. Office

Akurdi, Pune - 411035
Ph No.: 020 7157-6403
Email ID: investor.service@bajajfinserv.in

Corporate Identity Number (CIN)

L65910MH1987PLC042961

IRDAI Corporate Agency (Composite) Regn No.

CA0101
(Valid till 31-Mar-2028)

URN - WEB/BFL/23-24/1/V1

Bajaj Finserv Limited Regd. Office

Bajaj Auto Limited Complex Mumbai - Pune Road,
Pune - 411035 MH (IN)
Ph No.: 020 7157-6064
Email ID: investors@bajajfinserv.in

Corporate Identity Number (CIN)

L65923PN2007PLC130075

Our Companies

  • Bajaj Finserv Ltd.
  • Bajaj Finance Ltd.
  • Bajaj Allianz General Insurance
  • Bajaj Allianz Life Insurance
  • Bajaj Markets
  • Bajaj Housing Finance Ltd.
  • Bajaj Broking
  • Bajaj Finserv Health Ltd.
  • Bajaj Finserv Asset Management Ltd.
Company Name
Download App

© Bajaj Finserv 2007-2025. All rights reserved.