Buy Gold Coins from Trusted Sellers

Buy from BIS-certified jewellers, banks (SBI, HDFC, Axis), and authorised MMTC-PAMP dealers. Jewellers listed on JewellersInCity are vetted and many carry BIS hallmarked coins. Avoid buying from unverified online sellers or roadside vendors.

All legally sold gold coins in India must have BIS hallmark stamped (999 for 24K purity). Since 2021, each hallmarked piece carries a 6-character HUID that can be verified via the BIS Care app. Also check for tamper-evident packaging from the manufacturer (e.g., MMTC-PAMP, Malabar, Senco).

Coins are more liquid — easier to resell in small quantities. Bars are more cost-effective for large investments (lower premium over gold rate). A 10g coin is the most popular investment size in India, balancing liquidity and premium. Coins of 1–2g have higher premiums per gram.

GST of 3% applies at the time of purchase. Capital gains tax applies on resale: 20% LTCG with indexation for gold held more than 3 years. Short-term gains are added to income and taxed at your slab rate. Female members can hold up to 500g of gold without disclosure under IT guidelines.