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.
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
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....
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.
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.
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
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.
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????
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.