Celebrate Auspicious Events with Gold Coins

Since we were little kids, we have seen gold coins in our homes or being exchanged on auspicious occasions. This is because gold coins have often been associated with prosperity, good luck, and wealth, making them the perfect gift to be exchanged during happy times and festivities.

With Mia by Tanishq, you can find some of the best collections of gold coins of varying dimensions. These gold coins make for perfect gifts for your loved ones, so let’s learn a little more about them!

Why are Gold Coins a Great Investment?

There’s a reason why traditional investment strategies have long included gold and other hard metals. One of the main reasons for this is that when other investments see a drop, the value of gold coins typically increases which helps to stabilise your portfolio.

One of the best defences against inflation is also gold coins. Another great thing about investing in gold coins is that you can purchase and sell with gold and silver under the worst-case financial conditions, such as a significant currency devaluation, and be sure to make a profit when you resell it.

Things To Remember Before Buying Gold Coins

Purity

Given that gold is a very soft metal, this combination is done to provide gold strength and endurance. That is why many times the gold coins you purchase aren’t pure gold, but that is okay. As long as you are aware of its making, you would be ensured that you aren’t getting scammed.

Hallmark Sign

The hallmarking on gold coins is the next thing to look out for when purchasing them. Hallmark refers to a purity seal issued by the Bureau of Indian Standards, which is the organisation in charge of regulating gold in India. A BIS hallmark can be seen on every genuine gold and silver coin, decoration, or merchandise.

A hallmark sign usually includes the purity in carats or money, the BIS emblem Hallmarking Center logo, and the mark or number identifying the jeweller. This ensures that you are getting quality products.

Packaging

Special packaging that is used to store gold coins is also seen to be a sign of good quality. If customers plan to resell the coin, jewellers advise them in particular not to mess with the packaging this is because the resale value is affected by the unaltered packaging.

Making Charges

Making charges is one area where jewellers charge the most and use absolutely no restraint. However, there isn’t much room for profit when dealing with gold coins. Making fees for gold coins typically vary from 3 to 10% whereas fees for jewellery such as chains, earrings, bracelets, rings, etc. start at 8% and can reach 50%. The reasoning for this is that more elaborate jewellery will cost more to make, so you must ensure that you aren’t paying more in making charges than you are used to.

Where to Find the Best Quality Gold Coins?

After reading this article, you must have a fair idea about gold coins and their importance, and we are sure that you can’t wait to get your hands on some. To find the best gold coins online, we would advise you to shop from trusted jewellers who would give you the best quality gold coins.

One of the best places to shop from would be Mia by Tanishq, as it is one of the most reputed jewellers in the country and has been trusted by many generations.