Gold Bars and Coins-An Ideal gift

Gifting gold has been customary in Indian householdsfor many centuries, what was once restricted to the Rajas and maharajas, weddings, ceremonies, etc has now become a cult. Buying gold, gifting gold has been imbibed in the Indian traditions for ages for many reasons such as

• Security of investment
• Appreciation
• Prestige

And a whole lot of other reasons. Gold has always been a popular commodity given the exponential appreciation value. It is always a chosen and preferred item for gifting. Considering the gold rate today, and the constant spike in its value, it is ideal to gift a gold bar or coin rather than 22KT gold Jewellery.

Here are a few reasons why gold barsand coins should be preferred:

1. Gold bars and coins are easy to move, secured to carry, and are storage-friendly in comparison to finished Jewellery. This ease of mobility and storage is one of the reasons why one should prefer gifting them.
2. 22Kt gold Jewellery need not always be pure in terms of BIS hallmark etc. However, when you buy a gold bar or coin from a reputed Jeweller or bank or online too, they carry a purity certification along with them. This helps ascertain the quality of the coin.
3. Gold bars and coins come in flexible weight and price ranges, they can be bought from as low as 1gm or0.5gms too. This will give greater flexibility in choosing.
4. Value additions, making charges, etc that are charged on 22KT gold Jewellery is far less or negligible on gold bars and coins,this way one can save a lot. In some cases, the value addition and the making charges are exorbitant as high as 20-26%, as there is no regulation on the same. Especially heavy temple Jewellery like gold dangle earrings, diamond Jewellery, gemstone necklaces, and other heavy design populated items have higher making charges.
5. Gold bars and coins can also be exchanged with Jewellery at a later date, at that time the value of 24KT purity should be adjusted with 22KT Jewellery, thus gives a higher value.
6. In the ever volatile market, historic data proves that gold prices have always been appreciated over the years, hence gifting a gold coin or bar will appreciate over some time thus the worth of the coin grows.
7. Gifting a gold bar or coin will also help your loved ones choose their favorite Jewellery by themselves than someone choosing it.

In a very dynamic market, gold remains to be a robust investment platform for many. It cannot be ignored but accepted that gold gifting is a great value option. One step ahead would be gifting a gold bar or coin as an alternative for a variety of reasons as listed above.

However, it by and large remains to be a personal preference at the end of the day. Gold bars and coins can be easily bought from any retail Jeweller, online, or any bank. While you shop always ensure the gold coin or bar comes in a tamper proof packing with an Assay or any other recognized authority certification along with it.

Gold coins and bars with no certification will be available in the market at a lesser cost too, but not advisable to purchase them as one cannot be sure of the purity thus there is a chance the value is depreciated in the future.

When it comes to gifting your loved ones always prefer gold coins that are certified, tamper-proof, coming from an authentic source to ensure you give the best to them.