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Thread: HDFC BANK - GOLD rate not equal to market rate...

  1. #1
    Unregistered Guest

    Default HDFC BANK - GOLD rate not equal to market rate...

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    hi,
    i went to purchase a gold bar at hdfc bank. i asked them what is the rate they are offering, they told it is market rate. so i took the gold, believing them. after 2 days when i checked it is not market rate. they cheated me saying they are selling gold for market rate.
    what should i do now .. please help me. i am loosing nearly 7500... please help me.

  2. #2
    Unregistered Guest

    Default gold

    Quote Originally Posted by Unregistered View Post
    hi,
    i went to purchase a gold bar at hdfc bank. i asked them what is the rate they are offering, they told it is market rate. so i took the gold, believing them. after 2 days when i checked it is not market rate. they cheated me saying they are selling gold for market rate.
    what should i do now .. please help me. i am loosing nearly 7500... please help me.
    at the time of buying why did you not check the rate? now its too late. suffer for uour foolishness

  3. #3
    Unregistered Guest

    Default

    Quote Originally Posted by Unregistered View Post
    hi,
    i went to purchase a gold bar at hdfc bank. i asked them what is the rate they are offering, they told it is market rate. so i took the gold, believing them. after 2 days when i checked it is not market rate. they cheated me saying they are selling gold for market rate.
    what should i do now .. please help me. i am loosing nearly 7500... please help me.
    firstly the bank has not cheated you.Secondly you have not enquired the price in the gray market before buying, Please do not regret that you have paid a great price, instead be happy that you have got purity hallmarked Gold. The banks always are higher than the gray markets because they sell at the World Gold Council Rates.

  4. #4
    sara Guest

    Default gold bar

    Quote Originally Posted by Unregistered View Post
    hi,
    i went to purchase a gold bar at hdfc bank. i asked them what is the rate they are offering, they told it is market rate. so i took the gold, believing them. after 2 days when i checked it is not market rate. they cheated me saying they are selling gold for market rate.
    what should i do now .. please help me. i am loosing nearly 7500... please help me.
    hi boss i think u may little confused.because in market they sel 22 karat gold but banks sell 24 karat gold so its little higher.

  5. #5
    Unregistered Guest

    Default Cheap gold from Banks (IOB is the cheapest)

    Hi All,

    Beleive me or not. Always the bank gold rates are bit higher than the market rate. But you are assured of the purity for which you are paying the extra money.

    However, if the private banks like ICICI, HDFC's charges are higher than other nationalized banks like State bank, Indian Overseas Bank etc.,

    However based on my comparison i found that Indian Overseas Bank is the cheapest one followed by State Bank and Bank of Baroda.

    Always the ICICI, HDFC, Indus Ind bank gold rates are atleast up by 10,000 Rs per 50 grams. Better to buy from Nationalized banks of India

  6. #6
    Unregistered Guest

    Default call me

    Quote Originally Posted by Unregistered View Post
    hi,
    i went to purchase a gold bar at hdfc bank. i asked them what is the rate they are offering, they told it is market rate. so i took the gold, believing them. after 2 days when i checked it is not market rate. they cheated me saying they are selling gold for market rate.
    what should i do now .. please help me. i am loosing nearly 7500... please help me.


    please call me

    Dhaval
    9274529488
    after 14 jan 2010

  7. #7
    Unregistered Guest

    Default gold

    Quote Originally Posted by Unregistered View Post
    hi,
    i went to purchase a gold bar at hdfc bank. i asked them what is the rate they are offering, they told it is market rate. so i took the gold, believing them. after 2 days when i checked it is not market rate. they cheated me saying they are selling gold for market rate.
    what should i do now .. please help me. i am loosing nearly 7500... please help me.
    hi dear
    you have purchased gold at higher rate from bank but u don't know the reality....the gold which you have purchased from hdfc bank is a swiss gold and is 100%pure as compared to the gold which is sold in the markets at lower prices than the bank.In short u have purchased purity....


    Kiran Anand
    New Delhi

  8. #8
    Unregistered Guest

    Default Concern gold for buy or sell

    Hi this is deepak joshi from nainital,uttrakhand.
    My question is that if we buy gold from any bank in any case where should we sell gold.it is better if bought gold will return to sell to the same bank.this way clint will always satisfied by his own bank.

  9. #9
    Avinash Taneja Guest

    Default Buy Back of Gold Coins

    Dear Mr. Joshi,
    You are right in saying that the Bank where the gold coin is purchased shoudl take back the same to win the trust of the customers. The Banks authorised to import gold for sale to resident indians are allowed to buy back the gold coins as this may tantamount to trading which is prohibited by RBI. So no option is left with us but to sell in the market or supply the same to Jewellers for making ornaments or use it for gifting/investment. As regards the purity of gold coins being sold by banks in India are concered, allmost all of them sell 24 Carat gold coins having 999,9 purity (99.99 fineness) which is either imported from Switzerland or indegeniously minted with same standard and purity.

    Avinash Taneja

  10. #10
    AbhijitM is offline Junior Member
    Join Date
    May 2011
    Posts
    1

    Default

    Hi

    Yesterdays rate for 10 gm 24 carat gold was Rs. 22705/- ICICI bank offered me @26000+
    they justified that they have a 99.9999% purity

    other 24 carat hallmark gold are 99.9% only

    So getting 99.99 - 99.9 =0.09% more purity you have to pay Rs. 4000/- extra

    where on that rate price for 0.09% extra is around Rs. 20 only

  11. #11
    Unregistered Guest

    Default

    Hi alll,
    There could be some difference in prices of coins at banks and grey market. don't panic as there is also purity difference in coins. As 100% pure gold coins can be purchased from banks or either from Tanishq,MMTC houses only.And they are also charging some price for making of coins and ensuring the purity of 100% and packaging of coins in tempre proof.

  12. #12
    Unregistered Guest

    Default what is the no. on bank of baroda gold 10gm bar??

    i would like to know what is the number written on the 10gm bank of baroda gold bar?? what does it signify? is it a unique number or does it signify the year it was made ???? or the details of the purity of the gold bar?? someone told me that if the bar dont contain that number then it is not pure...but coins dont have that number so can that be considered as pure gold. i would like to know which bank offer cheapest price????

  13. #13
    raghu_adiga2000@yahoo.com Guest

    Angry where i can sell gold which I purchased from bank av current bank price

    I purchased gold from bank paying 200 extra per gram . Now I found that no one in market ready to purchase at that rate . So how can sell my gold ? . I feel banks cheated me . If any knows about buyers pls let me know.

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