Can We Sell Our Gold Coins To Banks?

To sell or not to sell your gold coins to the bank is not that simple of a question. This thing is because the answer is plain and simple, no. But the story doesn't end here. We also need to understand why you should never buy these coins from the banks in the first place. As we all know investing in jewellery is one of the most celebrated things in our culture. This is why banks have also come up with their own way of getting into this business. They offer coins of this yellow metal to their customers that they can sell at high prices later. But many experts are against it. Let us learn why people do not prefer to buy these coins from banks and how you can earn more by selling to a gold buyer Delhi NCR near your home.

Why You Should Not Buy Gold Coins From Bank?

• Banks charge hefty prices to make your coin.
• Most of the time the price you end up paying for your coin is way higher than its market price.
• Banks do not buy back their sold coins.
• This means that if you someday approach the bank to sell your coins to make a profit, the bank will turn a blind eye.
• Most of the jewelry buyers also do not trust these coins as they have lost their value because of the distrust of the bank.

Where To Sell Your Gold?

• To get the best price for your jewellery it is advised to visit only genuine gold buyers.
• A jewellery buyer such as Cashfor gold and Silverkings doesn't even ask for a hologram or any other sign.
• They just check the purity and weight of your jewellery before buying it.
• This is why it is advised to sell gold in Delhi NCR only to a genuine buyer.

Gold coins from the banks are not that trustworthy and banks are also not authorised to buy them back. This is why one should always approach a genuine gold buyer to sell gold.