One of the most popular methods for investing money these days is to invest your money in precious metals and buy gold bars and Gold coins. These are mainly described as the saving tools. To make sure that your purchase is going to be successful and will ensure surplus returns, it is really important to know everything about the gold bars.
Premiums & Making Charges: Gold bars come with a lower premium attached to them. So, it really makes sense to invest in a gold bar. The premium you pay generally comprises of making charges and sometimes even has transportation and refining costs added. As bars are much larger in size, economies of scale come into play, making sure that you get your money’s worth.
Weight: Gold bars come in different weights starting right from 0.5g to 1 kg or even more. People usually tend to buy 5g, 8g and 10g the most depending on their budgets. It is important to decide on your budget and liquidity goals before you buy gold bar. Bars of a higher weight are cheaper to buy than the ones with lighter weight are easier to liquidate on small notice.
Purity: If you are buying gold bars for an investment, then purity factor is of utmost importance. Purity of the gold makes a difference in its value. Be sure that you buy bars that are hallmarked or LBMA certified. This makes sure that you are getting your money’s worth, and places you in a better position when you wish to sell your gold bar. Also, do not forget to insist on a purity certificate when you purchase a gold bar or coin.
Purchase: You can now purchase gold bars and coins online instead of wasting your valuable time visiting the retailers. But choosing just any online store for buying gold bars is just not enough! With Gold24.in, it is possible to ensure online that you are paying the least amount of premium possible before you make your purchase. This is really very vital with gold bars because the sum you put in is significantly higher and for you even a little difference of 1–2% can turn into large savings.
A standard gold bar would be good to start with. Its weight usually meets the requirements of state and international industry standards. According to the sample of the bar, it is verified by the actual weight. There are some rules and principles of good metal percentage and additional alloys that are globally accepted. Every gold bar should have a precise expertise and a certificate.
The list of the necessities used for standard gold bars is the following:
• With strictly defined proportions of the sides of a cut pyramid and a certain height, a standard gold bar has the correct, smooth shape. In accord with the customer in each case, the size of a bar can be changed.
• The brand of the gold bar is set through its standards which determine the blend of impurities and their maximum content in the alloy.
• Standard bar surface does not allow sag, grease, burrs and sign, which lowers the price of gold bars. The surface of the standard gold bar can contain sparkling setting to a depth of 1 mm.
• The surface may have various concavities with a depth of 5 mm due to reduction in the metal, which however does not affect the price of gold bars.
• Standard bars, made of gold, contain the mandatory label elements: area, precious metal, a mass part (metal sample), the mass of the bar, the representation of the manufacturer (symbol), trademark refinery companies, year of production, etc.
The purity of gold is measured in terms of karat. The more the karat percentage, the purer is the gold. People tend to buy gold mostly in 24k, 22k & 18k. So let’s just take a look at what exactly is the difference between them. The gold rates depend upon the purity of the gold.
24k gold: This is the purest form of gold. It means that all the 24 parts in the gold are purely gold and contains no traces of any other metal. Known to be 99.9 per cent pure, it has a bright yellow color. Being the purest form of gold, it is naturally expensive as compared to 22k & 18k. However, 24k gold is not suitable for making jewellery items since it is soft and pliable. You can purchase coins and bars instead.
22k gold: 22k gold means that 22 parts in the gold are of pure gold and the rest 2 part of it is any other metals. These metals may be silver, zinc, nickel or any other alloys. 22k gold is mostly used for making jewellery items. Having 91.67 per cent gold with 8.33 percent other metals in it, jewellery made of 22 k gold is said to be very durable.
18k gold: 18k gold has nearly 75 per cent of pure gold mixed with 25 per cent of other alloys such as silver, zinc or copper. Usually 18k gold is used for making diamond or studded jewellery.
People from different countries all over the world continue to spend and invest large sums of money. Investing in gold bars is a wise decision not just because it retains its look and feel but also its value. Gold bars have been a good way to convert gold into more valuable and profitable source of income. Shopping for gold online is a common thing now. Purchasing gold bars online is a way to secure your wealth in the safest way.
Gone are the days when you were required to spend hours with a market person who would show you a handful of designs available in the store. Today, purchasing gold bars and coins is as easy as click and pick. Shopping online has many advantages such as;
Gold bar prices are stable and such purchase is the best option these days to secure your money. The feature of investment is low risks since there is no doubt, as per the most expert's opinion, that the investment stability is built of gold bars.
So before making a decision, determine the weight of gold bars online. It is absolutely simple, the bigger its weight, the higher its price is going to be. And you should always remember that your purchase has to be kept in a safe secure place.
When you have finalized all the details and ready to buy the bar you have chose, there are few other tips to remember:
Do not lose the receipts after the purchase and always get a delivery date confirmation before you buy your own gold bar. Ask for the certifications of the gold. When purchasing jewellery, keep all your receipts in a safe place. If you buy it at the auction, do not forget to add payments and all taxes on the sale.
Gold rates today are determined on the market and economy situation. But it is always a right choice to invest the money. Such an important purchase will keep you and your future secured from the unstable and unexpected situations in the financial aspect of the life.
At Gold24.in, we provide you with competitive and accurate gold rates from all the provincial and well known brands. With all the reputed vendors associated with Gold24, we make sure your order is delivered to your door subtly and fully insured.
Our commitment to you is to provide an amazing service throughout your gold buying experience. Our in-house team will work to assure your satisfaction in a timely, friendly, and professional manner. Never hesitate to get in touch for any queries or doubts – building relationships with our clients is our top priority.
You can order from us online or by calling us. We look forward to connecting with you.