Internationally recognized hallmarked gold coins (singhania gautam)

Gone are the days when investors used to rely solely on risky bonds and stocks to reap monetary benefits as the stock market has continued to remain bullish for the past few decades. It has taught lessons to investors to go for a much reliable and safer investment options like purchasing gold coins. It also enabled investors to diversify their investment portfolio. Since gold coins have got the attention of investors all over the world, price of gold coins have been on a steady rise for the past few years. But, that has not deterred anyone from purchasing coins.

Once you venture out to buy coins, you will come across various kinds of coins in varying measures, purity levels and designs. It is natural to get confused with the available array of collections. To make a wise decision, it is imperative to have good knowledge about their qualities. Gold in its pure form is known as 24 karats and when added with 2 parts of other metals like copper, it is known as 22 karats. Likewise, the proportion and type of metal added to gold gives it a unique color and purity level. But a layman who is buying coins will not know its purity level unless and until it is mentioned by the jeweler. To avoid buyers getting cheated or mislead by jewelers and to make transactions more transparent, certification of gold coins was introduced worldwide. This is to prevent adulteration done either deliberately or accidentally. BIS (Bureau of Indian standards) hallmarking is the standard followed in India. It is the apex body in India that takes the responsibility of standardizing and certifying gold depending on its level of purity. This is also aimed at increasing exports in the international market.

To sell internationally recognized hallmarked coins, jewelers who are manufacturing and selling gold coins should first apply and get authorization to use their marking. Hallmarking license is given only after evaluating and testing gold samples that meets the requisite standards. Even after obtaining the license, the manufacturer or jeweler is monitored from time to time to make sure that they follow the quality and standards. Owing to the high market price of gold many fraudulent practices take place, but it is curbed to a great extent by this hallmarking standard. Indian buyers are greatly relieved that they are getting good quality coins at reasonable prices when they buy hallmarked ones. Purchasing Gold Coins is really a risky business. Make sure you check the quality of the items you wish to purchase.
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