Gold Coins And Silver Coins: The Ideal Gifting Option

Gold and silver are precious metals, which are considered auspicious as well. So, it is quite common to gift the bride or the groom something in gold and silver. In fact, the North Indian tradition demands that the in-law’s first gift to the daughter-in-law is gold jewellery.

Such is the importance of gold coins and silver coins in our custom and tradition which people flock to jewellers on the occasion of Dhanteras and Akshaya Tritiya to buy gold. Those who are limited by budget constraints have an alternative to buy gold coins.

Excellent Gifting Option

Gold coins and silver coins are popular gifting options for individuals as well as corporates.

For Individuals

You can gift a gold coin/silver coin for your close family/friend’s wedding. The gold and silver coins are available in varying weights, from as less as 2 g to as much as 500g. So, whatever be the occasion, you can buy one such gold or silver coin as a gift. You can buy the Taraash Ganesha S999 20g Silver Coin for your neighbour’s daughter’s wedding. For your nephew or cousin’s wedding, the Bangalore Refinery Ganesh 24K 5g Yellow Gold Coin would be an ideal choice.

Gold is a preferred investment tool as well. You can invest your funds in gold coins, weights ranging over 500g and get it exchanged later to buy jewellery of your choice.

For Corporates

Gifting gold or silver coins to its employees and clients is an age-old practice in the Indian corporate world. In fact, many public limited companies commemorated their milestones with embossed silver coins and gifted to the employees. Many employees, on their retirement, are gifted precious coins as a token of appreciation. As a corporate gifting option, gold and silver coins are quite popular. With Diwali round the corner, corporates can place bulk orders with MMTC India or choose to buy from reputed jewellers like Tanishq, Joyalukkas, Bangalore Refinery, to name a few.

How To Choose Gold/Silver Coins

Now that you have decided to gift gold or silver coin, you need to be aware of certain aspects before buying these coins. You can either buy the gold and silver coins from any reputed jeweller or choose to buy online. Buying gold and silver coins online does not pose any risk are these are certified sellers, who sell hallmarked coins only. You’re guaranteed of quality.

Choice Of material

You can either buy coins in gold or yellow gold. Gold coins are made of pure 24K gold, whereas the yellow gold coins are made of 22K gold. Higher the purity of gold, correspondingly higher would be the price. If you want to buy a 24K gold coin, you have options. The Bangalore Refinery 10g coin, the MMTC-PAMP Lotus series 2g coin, the Malabar Gold 0.45g coin are possible choices, based on your budget. If yellow gold is your preferred choice, you can choose the Joy Alukkas 4g coin, with the Goddess Lakshmi design. C. Krishnaiah Chetty ornately designed 8g yellow gold coin is also an excellent choice.

When it comes to buying silver coins, you can choose coins in pure 999 silver or sterling silver. The Taraash 5g silver coin with Goddess Lakshmi and Lord Ganesh is an ideal gifting for a housewarming occasion. The MMTC’s Krishna series silver coin makes an ideal gift choice as well. The wildlife and birds series of silver coins released by MMTC are ideal birthday gifts for your kids.

Purity

When it comes to buying precious metals, what matters most is the purity. While the purest form of gold is 24K that enjoys 999 BIS Hallmark, you also get coins in 22K and 18K. Higher the purity of gold contained in the coin, greater would be its price.

Silver too has varying grades of purity. While pure silver is tagged with S9999, sterling silver coins are tagged with S995 or S996. These tags help you identify the purity of the coin. With online shopping hitting a peak, people are buying gold and silver coins online from reputed dealers who carry the BIS certification.

Price

The price of gold and silver coins varies between dealers. This is because of the ‘spread’. The percentage of spread, in addition to being influenced by demand and supply, also depends on the bullion dealer as well. So, after you decide whether you want to buy gold coins or silver coins and its weight, choose a reputed and trustworthy bullion dealer.

If you’re scouting for a wedding gift, gold and silver coins rank well ahead in the list. Gift one and make the occasion auspicious.

Roopa Behari is a passionate writer, interested in writing on topics on fashion items shopping like clothing, makeup items, Footwear ect.