Which Banks Sell Gold Coins in India

Gold has always held a special place in Indian hearts. From investments to gifting on special occasions, gold holds immense financial significance. Recently, people buying gold coins from banks have gained popularity. This is due to the assurance of purity and transparent pricing. If you are thinking about buying gold coins, here is your list of top banks in India sell gold coins. Let us understand why buying gold coins from banks is the smarter choice.

Banks That Sell Gold Coins in India  

Many prominent banks in India offer gold coins with various features and benefits. Here are the top banks where you can buy gold coins: 

State Bank of India (SBI)

SBI is a reputed public sector bank in India. The RBI authorizes the import of gold. It offers various schemes for gold investments and purchases. Customers can purchase gold coins from designated SBI branches. You can also buy gold coins through SBI’s online banking portal. 

Features:  

• Gold coins are available in denominations of 2 to 10 grams.  
• They come in tamper-proof packaging with a purity certification.
• SBI offers gold loans against these gold coins.  

HDFC Bank  

HDFC Bank offers a range of gold products, including the Indian Gold Coin and Mudra gold bars imported from Switzerland. Customers can visit HDFC Bank branches to make gold coin purchases. You can also use the bank’s mobile banking app for online purchases.

Features: 

• The Indian Gold Coin comes with the BIS hallmark for purity assurance.  
• Mudra gold bars are imported from Switzerland. These are known for its high purity and international standards.  
• Gold Coins are available in denominations. You can get it from 2 grams to 50 grams.

ICICI Bank 

ICICI Bank offers gold coins for outright sales, catering to customers looking to invest in pure gold. Gold coins can be purchased at your chosen ICICI Bank branches. You can buy gold coins  through online banking services too. 

Features: 

• Gold coins are sold in tamper proof packaging with the bank logo on the back.
• They come with a purity certification and are priced based on daily gold rates.  
• Available in multiple denominations for flexible investment options.

Union Bank of India  

UBI allows both customers and non-customers to buy gold coins from designated branches across India. If you prefer offline purchases, you can buy Gold coins from designated UBI branches. Check the branch availability before visiting.  

Features:  

• Gold coins are available in 24 karat purity.
• They come with tamper proof packaging and a certification of purity.
• Flexible denominations cater to different investment needs. 

Bank of Baroda  

Bank of Baroda offers 24 karat gold coins in various denominations. BOB is a popular choice among investors. Customers can purchase gold coins from designated Bank of Baroda branches. You can also purchase gold coins through their online banking platform.   

Features:  

• You can get gold coins in many denominations like 2 grams to 10 grams.
• They come with tamper-proof packaging and purity certification.
• The bank’s logo is engraved on the back of the coin. 

Why Buy Gold Coins from Banks?

Regardless of the bank, the gold coins sold typically share the following features:  

• All gold coins you buy from banks are approved by the Reserve Bank of India.
• Each coin comes with a certificate of purity. This will ensure its authenticity.
• Prices are determined based on the daily market rates of gold.
• Each coin features the bank logo on the back. This will add to its authenticity.  
• Customers can purchase gold coins from preferred bank branches. They can also use online banking portals and mobile banking applications to buy gold coins.

But, there is a major drawback. You cannot sell gold coins back to banks.

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Final words 

Buying gold coins from banks in India is a secure way to invest in pure gold. With these trusted banks, you can be confident in your investment. When you are ready to sell, White Gold is here to make the process smooth and rewarding. As a reputed Gold Buyer, White Gold has transparent pricing and quick payments. We will make sure you get the best value for your gold coins. Visit White Gold now and experience a hassle free way to turn your gold into cash!