Muthoot Gold Bullion Corporation Metal 24k (999.9) Yellow Gold- 2 Gm + 10% off via HDFC Bank5 Cards

how 9610?

I think better price on coins through flipkart

its 9774 after card discount

Can we sell these coins offline?

Please someone tell who has experience in buying and selling gold coins

Good deal

good price with hdfc CC

I am no expert however I would like to share how things have worked for me in Gold coin trades.

Usually, I would purchase Gold coins to sell them soon after getting delivery, hence thinking of it as a trade, where we get out of a holding as soon as we find fit, rather than investment, where we sit tight and let the asset’s price appreciate.

Assuming 10 grams of gold is priced at 50000 INR in the market (not MCX as there is usually a gap between the two, the market price being higher more often than not), I’ll try to calculate two things: how much over 50000 I have to pay to get the gold and how much I’ll get when I sell it off.

Mostly, Gold coins from various brands are priced 8 to 13% over the market price on online portals. Also, while you are selling it, various buyers will deduct a varying amount and you’ll get anywhere between 3 to 10% less than the market price in the case of 24 Carat. This deduction may be more than that for items with 22 carats or less purity.

So you will be paying around 54000 to 56500 and you’ll get 45000 to 48500 – roughly.

Now, is the discount we are getting covering this gap – is a good question to ask. At times when we can combine offers or once in a while when they price it 3 to 5% over market price like it used to be 4 – 5 years ago, it’s a different ball game.

PS. I have considered my trading intention here. A different perspective may need a different set of calculations. I haven’t included the details like which brand, where to sell/where I sell, taxes, and why deductions for simplicity. On MCX, trades are done in lots, taking minimum tradable amount into lakhs unless you go for options, as far as I know.

do we get 5% smartbuy cashback for this?

Flipkart seems to be better as it’s giving discount on coins/bars. In Az, on 2gm BRPL bar/coin, no discount even if it’s priced same as Flipkart. On 2gm pendant, 10% available, but it’s priced 300+ more already.

Malabar gold coin in Flipkart is cheaper.

Worth for buy today and sell on delivery??

Now bank offer is removed

There is no deal in this as the price is almost 4835/- per gram and the market price is just 4900/- approx. Not a good deal unless anyone planning to buy gold anyway. BTW bank offer is not removed. It is still applying instant discount

Thanks , got @ 9529 2g 24k BRFL from Flipkart with ICICI credit card offer

I took bhima gold coin in Flipkart 22 KT 2g @ 8709 effectively 4355rs per gm…today 22kt gold coin market price is 4480 and if I want to buy coin in gold shop then min 2-3 percent making charges and 3 percent gst..selling is problem as many shops won’t accept other brand coins and even if they accept they will deduct 80rs but they will accept the coins
without any deduction if you are buying jewellery from them

Anyone facing delivery issues? I am not getting delivery anywhere in delhi for any of the coins

Bought it today for
10694 – 1069 = 9624 10% HDFC CC
9624 – 200=9424
200 Fashion coupon.

Also,will get 5% back from Smartbuy. So less than 4500/gm.

Got 5% for this transaction as well. Will update proof soon.