Suggestion for purchasing Physical Gold...

[Dhudu]

I am looking to make a physical gold purchase around 50-60 grams (approx.. 5 lakhs), preferably in stores like PNG, PNG sons, Ranka etc in Pune city. With current rate it comes around 5 lakh of purchase.

Let me know which would be the best card for this purpose.

Existing Cards:
- Amex Travel Card (Joined last month)
- Amazon ICICI
- SBI Cashback
- Axis Flipkart

Am I open to getting a new card for this?: Yes

Additionally, I can stagger the purchase in 30 days.

Any other offers running for gold, credit card etc please let me know.

TIA

 

[Dragon_slayer]

Just to understand....if i buy a gold coin at store using 100rs GV and sell that gold coin on the spot in the same store..what will be cash conversion?

Will i get 94rs? ( considering 3% on sell and 3 % on purchase)

You cannot sell at same spot, you will need to find a local seller who can pay in cash

 

[messi_10]

You cannot sell at same spot, you will need to find a local seller who can pay in cash

Ok...what i meant is considering gold price same...what is conversion of 100 to cash?

 

[Dragon_slayer]

Ok...what i meant is considering gold price same...what is conversion of 100 to cash?

Never did it, so no idea about it. But I heard many people doing this, so it must be profitable