Looking for 1gm Gold Coins? We’ve Got Some Tips for You

If there’s one thing Indians can’t get enough of, it’s gold. This precious yellow metal is a favourite in Indian households and is bought as well as gifted during many festivals. Gold is said to embody Lakshmi, the Goddess of wealth, and prosperity.

Apart from buying only gold jewellery, many also prefer buying gold coins as these can be bought in lower denominations and never depreciate in value. If you are looking to buy 1 gm gold coin or gold coins of different denominations, then you can check out the collection of gold coins at Mia by Tanishq.
While buying 1 gm gold coins may seem tricky, it can be a fairly simple process once you get to know some basic information about buying gold. We have some tips that can help you out.

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Where to Buy From?

If there’s one thing that you should keep in mind while buying 1 gm gold coin is to buy them from trusted jewellers who will be selling you actual gold and not fake or adulterated metal coins.
Many a time, some jewellers may try to sell you fake gold, especially online. To avoid being fooled by these jewellers, you must buy only from the places you trust, and where the purity of the 1 gm gold coin can be determined.

Check the Hallmarking

If you buy gold from a trusted seller, it’s highly likely that they will show you the hallmark sign that denotes the credibility of the 1 gm gold coin. All the claims a jeweller may make about the purity of gold are validated by hallmarking.

It mandates that the gold percentage of an alloy is above a certain threshold as per the norms set by the international hallmarking convention and the Government of India. This will allow you to verify the purity of the 1 gm gold coin, the jeweller, and the year of hallmarking.

Understand the Making

In earlier times many gold ornaments were made by hand, but with technological advancements, machine-made 1 gm gold coins have become more widely produced and have also become cheaper comparatively. However, because of the skills and craftsmanship of handmade 1 gm gold coins, they are more sought after even today and have a higher making charge.

The price of gold is often the same in various jewellers, but the making charges is where the prices can be negotiated. These charges are decided by the jewellers themselves because it includes the effort put in to create the 1 gm gold coins, and all other gold ornaments.

Packaging

Contrary to what many might think, when buying a 1 gm gold coin, packaging plays a particularly significant role. The one thing that is especially important is that the packaging of 1 gm gold coin should be tamper-proof, this will ensure that coin’s purity, and design remains as it is, for many years without being adulterated.

Also, you should never tear open the 1 gm gold coin from its packaging if you intend to ever resell it as the packaging is a sign of purity and credibility.

Find the Best 1 gm Gold Coin

A 1 gm gold coin can be a great investment and can also be a thoughtful gift for your loved one. It is a simple gesture that your friends and family will always remember. If you are looking to buy a 1 gm gold coin, you can check out Mia by Tanishq- your one-stop destination for all things gold. It has an ample collection of gold coins of unique designs and varying denominations.