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Do banks sell gold

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Anonymous

14y ago
Updated: 7/16/2023

Most do not. Gold coins can either be purchased from the US mint (if you want modern US bullion coins), reputable online sites such as APMEX, or your local coin and some jewelry stores.

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Doris Carter

Lvl 10
2y ago

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Is it possible to sell gold to a bank?

Yes, it is possible to sell gold to a bank. Many banks offer services for buying and selling gold, either in the form of physical gold bars or through gold investment products. Customers can typically sell their gold to a bank in exchange for cash or a deposit into their account.


What does cbi in gold stand for?

CBI in the context of gold typically stands for "Central Bank Initiative." This refers to programs or policies implemented by central banks to manage gold reserves, influence gold prices, or stabilize currency values. Central banks may buy or sell gold as part of their monetary policy strategies.


Is it possible for me to sell gold to a bank?

Yes, it is possible to sell gold to a bank. Many banks offer services for buying and selling gold, either directly at their branches or through their investment divisions. You may need to check with your specific bank for their policies and procedures regarding selling gold.


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.


Where can I sell gold and redeem cash in India?

IN INDIA, WE CAN BUY GOLD FROM BANKS BUT WE CAN NOT SELL THE3 GOLD TO BANKS. DUE TO THIS LIMITATION, JEWELLERS BUY GOOD AT DISCOUNT AND PAY US LESS AMOUNT THAN THE CURRENT RATE PREVAILING 9IN THE MARKET. ATUL GARG,LUDHIANA atulgarg_india@yahoo.com Most gold shops buy back the gold. may be they ask for more information from you (PAN Card) etc to see if you are legally own it. Not much online buy you can try http://usedgold.in


Which banks sell home mortgages?

There are many banks that sell home mortgages. Examples of banks that sell home mortgages includes Wells Fargo, Capital One, TCF, and Bank of America.


Why do gold dealers who sell physical gold charge so much more than the price quoted for paper gold contracts?

Gold is currently in backwardation. This is an unusual state in which one can contract to buy gold at a future date for less than one can sell gold today. The reason for this is hotly debated, but many believe the paper price is being artificially depressed by central banks in order to maintain confidence in their fiat currencies.


Do banks sell gold coins?

Most do not. Gold coins can either be purchased from the US mint (if you want modern US bullion coins), reputable online sites such as APMEX, or your local coin and some jewelry stores.


Can foreigners buy gold bar from banks?

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


How do bullion banks get back the gold they have leased?

The bullion banks simply take back the gold that they have leased after the period runs out.


Where can you sell gold found in rocks?

Go to Asia,its easyly to sell gold...


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