Gold Coins selling in India by Banks are 24 Karat 99.99% pure gold Swiss made with Assay Certification. The purity of gold level is the highest level of purity standard followed by international organizations. Some banks are selling gold of less purity than 99.99% on lesser prices in India. If you want to purchase please be careful of maximum purity, there is a difference between 99.99% and 99.90 % purity. Generally banks are not providing buy back facility of Gold Coins, but in general market there is a good demand of Banks sold gold coins. Banks are providing loan against these gold coins. The rates of banks are slightly higher than general gold market but purity is guaranteed.
Any person can buy gold coins from banks only for transactions of Rs. 50,000 or more will require quoting of PAN number.
Below displayed rates are excluding VAT/Sales tax, Octroi and other taxes as applicable at place of sales.
The rates of major banks in India are: