Tips For Buying Gold, Silver and Jewellery Online in India

Gold has a long past in India and has drawn admirers from all over the world to it because of its allure and beauty.

Across oceans and borders, its golden glow could be seen, stirring feelings in the souls of millions. India has become increasingly obsessed with gold over time, and Indians now consume the majority of the gold that is consumed worldwide.

In Indian history, gold has been more than just an investment; it has also become a culturally important metal that has a place in both Indian homes and hearts.

Gold is regarded as lucky, especially in Hindu and Jain societies. Manu, an ancient law-giver, commanded that important rituals and occasions should be marked by the wearing of gold ornaments.

Aside from Diwali, one of the most significant days in the Indian calender, regional celebrations of Akshaya Tritiya, Pongal, Onam, and Ugadi in the south, Durga Puja in the east, Gudi Pavda in the west, and Baisakhi and Karva Chauth in the north are all marked with gold.

There are many ways to buy gold, silver, and jewellery online in India. Most of the major private sector banks provide this facility, and you can buy them from here.

Of course, you cannot buy jewellery from these banks, as purchases are restricted to gold coins and bars only. At a glance, how you can buy gold and silver online.

You can buy gold online using your internet banking facility. You have to login with your password and ID for the first time, then follow the instructions and complete the process.

You can also check the prices on the websites of the respective banks before buying gold online. Prices are updated regularly to reflect their true value. Because gold is actively traded, the price keeps fluctuating every second.

You can buy 24 karat pure gold with an assay certificate. Most of the banks that provide gold and silver online provide them in different grams.

These include 0.5 gm, 1 gm, 2.5 gm, 5 gm, 8 gm, 10 gm, 20 gm, 50 gm, and 100 gm. Silver is available in 50 and 100 grams.

Currently, these are available only online and through physical presence in branches. A day will come when these will be available on ATM machines as well.

What are the features available when you buy gold and silver online?

Gold bars are 24 karat 99.99 percent pure.Banks also give bills along with them, which is very important if you want to sell them. Also remember that banks do not buy back the sold gold or silver.

So, if you want to have a “buy back” option for gold bars and coins, please buy them from a jeweller so that he can buy them back whenever you want to sell them.

Also remember that banks have slightly higher fees, but accuracy is fully guaranteed here. You can check rates from various sources before buying gold or silver online in India.

What about buying jewellery online in India?

You can also buy jewellery online. You can buy these from any e-commerce website online. However, this may not be a good idea, as you will get little or no indication of what kind of jewellery you are buying.

So it is better that you buy jewellery from a jeweler in your physical presence.