India Post Gold Coin – Gold Coin Rate 2023 | Can I Purchase Gold Coin from Post Office?

India Post Gold Coin - Gold Coin Rate 2021 | Can I Purchase Gold Coin from Post Office?

India Post Gold Coin


Investing in gold is one of the hedges against inflation. The buying power of Gold is retained even during the highs and lows of the economy. The presence of Gold adds diversity and increases the overall consistency of the investment portfolio.
India Post sells 24-carat gold coins that come in tamper-proof packaging to prevent any damage. Further, India Post Gold Coin rates are the most competitive.
The gold coins, which are launched in collaboration with WGC i.e. World Gold Council and Reliance Money are in the denomination of half a gram, 1 gram, 5 grams, 10 grams, and 8 grams.

Both Post office customers, as well as non-customers, can buy Gold Coins from designated branches.
Customers can buy gold by the issue of a cheque from their accounts or by providing debit instructions.
Non-customers can deposit cash for buying Gold Coins if the value is less than INR 50,000/-. In case the buy value is INR 50,000/- or more, then the payment will have to be made by cheque / PO / DD, on the realization of which the gold will be handed over.

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Purity of Gold CoinsGold Coins of 24 Carat – 999.9 purity.
Denominations0.5 gms, 2 gms, 1 gms, 5 gms, 8 gms, and 10 gms.
Form of Gold CoinsRound (.5,1, 2, 5 & 8 gms) / rectangular (10 gms)
Certification Valcambi, Switzerland
Documents For buying Gold Coins valued at INR 50000/- or more, you have to carry KYC documents (Pan Card, Aadhaar Card, etc. )
If the purchased value is less than INR 50,000/-, then no need for KYC documents.
GST 3%

Read Also State Bank of India – Gold Coins Scheme | Features | Benefits | FAQs


1. Market experts have corroborated that at least 6-10% of your investment portfolio must be invested in gold.
This not only assists you to have a diversified portfolio, However also assists you to balance the risk.
2. The purest form of gold (99.9% purity) can be purchased in coin or bars form.
3. The gold coins come with advanced security and anti-counterfeit features, every pack of coins or bars has a unique barcode and serial number.
When you purchase gold from a jeweller, the price can be an issue as you can never be sure about the gold content.
However, when you buy gold coins from Post Office, you can be sure that you get the best quality gold and the pricing is right.
4. Reduces making charges otherwise lost when selling.
5. It is an attractive investment proposition that can fetch amounts in case of an emergency. The gold coins or bars promise quick liquidity.
6. You can sell coins or bars to buy the latest designs in gold jewellery at the time of the wedding.
7. All gold coins/bars minted in the Government mint and sold are certified as per the Bureau of Indian Standards Hallmark.
8. You don’t have to pay capital gains tax until you sell.

India Post Gold Coin Rate in 2023


The gold coin prices are low compared to many other providers. This makes the service very competitive and cost-effective.
Gold coins from the Post office, with the lowest prices in the market, have been the preferred option of small investors. Moreover, it is available at 200+ locations, and the Post Office is focusing on low-end denominations.

DenominationPrice (Excl. Taxes)
1 G5,751
2 G11,502
5 G28,755
8 G46,007
10 G57,509
0.5 G2875.5
The Gold Coins are priced competitively based on the daily market rates of Gold.

Read Also Jewellers Scheme

Buy Gold Coins from India Post Office

  • Visit the nearest designated Post Office branch and fill in the Application form for Gold Coin. The list of branches extending this product is given on the site.
  • Mention the weight and the number of the Gold Coins required along with other relevant details.
  • Submit the form along with the required amount.
  • The Post Office will process your application and deliver the Coins and the Invoice to you.

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India Post Customer Service


Customer Care Toll-Free Number 1800 266 6868 [09.00 am to 06.00 pm (except Sunday and gazetted holidays)]

Frequently Asked Questions

Where can I buy the Gold Coins?

The Gold Coins are being sold at designated branches of the Post Office.

Can I buy Gold Coins if I do not maintain an account with Post Office?

Yes, Both Post office customers, as well as non-customers, can buy Gold Coins.

What is the price of Gold Coins being sold?

The gold price depends on the market rate of gold. Though the Gold Coins are affordably priced.

Will Post Office buy the gold coins back?

No, the Post Office of India does not buy the Gold Coins back.

Is purchasing gold coins a good investment option?

You should be ensuring that a minimum of 5 percent of your investment portfolio consists of gold coins.
Gold coins can give you a good return even during economic turmoil.

The Bottom Line


Would like to highlight a few drawbacks before you make a decision to buy gold coins as Post Office in India doesn’t buy back sell gold coins, in case one like to liquidate the same has to contact the jewellers.
This would mean that reputed gold jewellery chains do not buy gold for cash. The coins can be sold to them but in exchange for jewellery only.

These coins or bars are generally imported from international mining companies, which is why Post Office charges 5 to 10% higher than the market rate. However, times are changing. There are multiple ways to buy gold these days, especially if you are looking at it from an investment perspective.

SBI Sovereign Gold Bonds are another option, these offer an assured interest rate of 2.5 percent per annum.
You can enjoy the ease of investing through internet banking.
The SGBs have a tenure of 8 years, with an exit option starting from the fifth year.
Issued by the central government, they are tradeable on the stock exchange. TDS i.e. Tax Deducted at Source is not applicable to them and they can be used as collateral for loans.

More Features Sovereign Gold Bond – Features