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Can foreigners buy gold bar from banks?

Updated: 8/20/2019
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12y ago

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No, being an nri or pio or foreigner can't buy gold from banks in India.

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12y ago
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Q: Can foreigners buy gold bar from banks?
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Related questions

How do you buy gold bar from the State Bank of India?

i think at present only nationalised banks are permitted to import gold from other contries to India,and only some refineries like minerals and metal corp. India companies are able to get from the banks,so i think we cannot buy gold from banks. also you can buy in icici and hdfc banks,but the rate is higher as +10 prcent to market price. go to a local jewellery store and ask for 99.5 bar at market price +2 percent and check the quality in gold assayers(in India there r many gold assers available in cities costs only 50-200 per assay report)


Can you cash a five hundred dollar silver bar at the bank?

No, banks do not buy silver. It needs to be taken to a silver & gold buyer for an assessment of value.


How do you buy a bar of gold?

You buy it at the grand exchange.


Where can you buy a gold bar?

on ebay


Buy a gold bar from the show gold Rush?

yes


Where might one find a gold bullion bar to buy?

One might find a gold bullion bar to buy in the 1700s Europe, a time period when mercantilism (the goal of which was to obtain as much gold bullion as possible) was prevalent. On a serious note, you can buy a gold bullion bar at any place that sells gold or the bank.


Price of gold bar?

It depends on two things: how large it is and the price of gold per troy ounce at the time you buy it. The thing about gold bars is, they're not really intended for investors. A person buying gold bars is usually going to use it as industrial metal--he'll either plate other metal with it, or he'll melt it down and make gold items like coins or jewelry from it. If you're one of these people, when you buy a gold bar you specify the size and purity you want and they make it for you. There is a bar called a London Good Delivery Bar, which is used to ship gold between banks. It weighs 400 ounces.


What is the Biggest gold bar you can buy?

400 ounces


Where can I buy gold coin in chennai?

You can buy in Jewellery stores across the city or even from banks.


Do banks buy gold coins?

Banks will happily buy gold coins for their face value - since this is nearly always far less than they are actually worth. If you wish to sell your coins for their actual value, take them to a reputable goldsmith.


Who are Sunrise Gold and Diamond Mining Company in Guniea?

Mr Unisa Turay is a thief, layer whose out there to set up foreigners that want to buy or mine gold in Guinea. Guaranty he will get your money and you get no gold and no diamonds.


Can foreigners buy and own land in the Philippines?

Foreigners cannot buy or own land in the Philippines. Foreigners can however purchased condos as well as rent properties in the Philippines.