In India if you are investing in physical Gold you can buy 916 fineness (22 carat ) Gold from reputed jewellers in the form of chains,bangles,studs or whatever it is.Don't buy 995 fineness(24 carat) Gold coins,biscuits or bars sold by the banks or any other institutions. Because in an emergency situation you can't pledge 24 carat Gold for money at a Bank or any Financial institution.Right now Indian Banks do not provide loan against 24 carat Gold, it is better to buy jewelleries so that you can liquidate the Gold and make cash easier...
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