This is something that frustrates me. I hold some gold bars, purchased in the Gulf years ago. Surpringly, no jeweller is interested in buying any, though they are all certified 995 ten tola bars, and 999 (Swiss) 100 gm gold bars. The jewellers say they get their gold from "old gold" customers sell them so presumably they can make a higher profit.
But there should be some place pure gold bullion can be purchased and sold. I am in Cochin, Kerala. Is there any bullion dealers in Cochin? Or Chennai? Or Bangalore? Or Bombay?
I think a lot of people will benefit from an honest discussion on this matter--How a retail investor can sell his gold bullion without getting ripped off.
sajant
But there should be some place pure gold bullion can be purchased and sold. I am in Cochin, Kerala. Is there any bullion dealers in Cochin? Or Chennai? Or Bangalore? Or Bombay?
I think a lot of people will benefit from an honest discussion on this matter--How a retail investor can sell his gold bullion without getting ripped off.
sajant