A gold coin is the simplest way to own gold. There is no making charge worth speaking of, no design markup, no melting loss to worry about later. You pay the day's gold rate for the weight, a small minting fee, and 3 percent GST. That is it. For anyone who wants to save in gold rather than wear it, a coin gives you the most gold for your money of any gold product on the shelf.
This guide explains what a gold coin actually is, the standard weights you can buy in Nagpur, the June 2026 price ladder at the day's rate, the difference between 24K and 22K coins, how the BIS hallmark protects you, and what GST and exchange rules apply. For 37 years Londe Jewellers Gold and Diamonds has sold hallmarked gold coins to Nagpur families for Dhanteras, Akshaya Tritiya, weddings, and plain monthly saving.
What is a gold coin and how is it priced
A gold coin is a small minted disc of pure gold, usually 24K 999 (99.9 percent pure), stamped with its weight, purity and a maker or bank mark. Coins are sold by weight, the most common being 1g, 2g, 5g, 8g (one tola equivalent), 10g, 20g, 50g and 100g. Unlike jewellery, a coin has no design labour, so the price is almost entirely the gold value.
The pricing formula is straightforward. Coin price equals the day's gold rate per gram times the coin weight, plus a minting charge of roughly Rs 100 to Rs 500 depending on size, plus 3 percent GST on the total. Compare that with jewellery, where 8 to 22 percent making charges sit on top of the gold value. A 10g coin and a 10g chain hold the same gold, but the coin costs far less because there is no making labour to pay for.
"A coin is gold in its purest commercial form. You are paying for the metal, not the craft. That is exactly what you want when the goal is to save."
Gold coin price ladder at June 2026 rates
The June 2026 reference 24K 999 rate at Londe Jewellers Nagpur is about Rs 14,590 per gram. The live rate is always shown at the counter and on the today gold rate Nagpur page, since gold moves daily. Here is the all in price ladder for common 24K coin weights at the reference rate, including the minting fee and 3 percent GST.
| Coin weight | Gold value (24K) | Minting charge | GST 3% | Approx all in price |
|---|---|---|---|---|
| 1 gram | Rs 14,590 | Rs 100 | Rs 441 | Rs 15,131 |
| 2 gram | Rs 29,180 | Rs 150 | Rs 880 | Rs 30,210 |
| 5 gram | Rs 72,950 | Rs 250 | Rs 2,196 | Rs 75,396 |
| 8 gram (1 tola) | Rs 1,16,720 | Rs 350 | Rs 3,512 | Rs 1,20,582 |
| 10 gram | Rs 1,45,900 | Rs 400 | Rs 4,389 | Rs 1,50,689 |
| 20 gram | Rs 2,91,800 | Rs 500 | Rs 8,769 | Rs 3,01,069 |
| 50 gram | Rs 7,29,500 | Rs 500 | Rs 21,900 | Rs 7,51,900 |
| 100 gram | Rs 14,59,000 | Rs 500 | Rs 43,785 | Rs 15,03,285 |
These figures are indicative at the June 2026 reference rate and will shift with the daily gold rate. The minting charge is fixed per coin and does not scale much with weight, which is why larger coins are slightly more efficient per gram. The gold value itself is identical to what any honest jeweller in Nagpur will quote, since 999 gold is 999 gold everywhere. The difference between jewellers is the minting markup and whether the coin is genuinely BIS hallmarked, both of which Londe itemises on the invoice.
24K coin or 22K coin, which to buy
24K 999 coin, the investment standard
Buy 24K for saving and gifting. It holds the full gold value, it is the standard for Dhanteras and Akshaya Tritiya purchases, and it is what you want if the coin will sit in your locker as a store of value. Most Nagpur families buying a coin as an investment or a festival gift choose 24K.
22K coin, for future conversion to jewellery
A 22K coin makes sense only if you intend to later convert the coin into an ornament, since most Indian jewellery is made in 22K. By starting with a 22K coin you avoid a purity conversion step at exchange time. For pure saving, though, 24K remains the right answer.
Why the BIS hallmark on a coin matters
The single biggest risk with gold coins is buying underweight or under purity metal from an unverified seller. The BIS hallmark removes that risk. Every gold coin sold at Londe Jewellers Nagpur carries the BIS purity mark, the stated weight, and an assured purity certificate, with an itemised invoice showing weight, purity and the rate applied. When you eventually sell or exchange, that hallmark and invoice are what guarantee you full value with no purity dispute.
- Purity mark: 999 for 24K, 916 for 22K, stamped on the coin.
- Assured weight: printed on the coin and the invoice, verifiable on any jeweller scale.
- Itemised invoice: weight, purity, rate, minting charge and GST shown separately, never bundled.
- Tamper sealed: Londe coins come in a sealed assay pack so the purity guarantee stays intact.
GST and exchange rules on gold coins
Investment gold coins attract 3 percent GST on the total value. Because a plain coin has no real making charge, the tax outgo on a coin is lower than on jewellery of the same weight, where GST also applies to the making charges. When you want to convert a coin into jewellery or sell it back, a Londe BIS hallmarked coin is credited at the day's gold rate with zero deduction on the gold value, the same zero deduction policy that applies to all Londe gold exchange. This is the practical reason to buy your investment coin from the same trusted jeweller you will return to.
If you are weighing a coin purchase against pledging gold for cash, read our companion guide on gold loan vs gold exchange in Nagpur, which explains when to sell, when to pledge, and when to simply hold your coin.
How to buy a gold coin at Londe Jewellers Nagpur
- Decide your weight. For a first festival gift, 5g or 10g is standard. For monthly saving, many Nagpur families buy a 2g or 5g coin each month and build a holding over a year.
- Confirm 24K for investment. Ask for 999 purity unless you specifically plan to convert to jewellery later.
- Check the live rate. The counter rate is the IBJA Mumbai benchmark applied that morning, the same rate shown on the today gold rate Nagpur page. Gold moves daily, so the morning rate is your buying rate.
- Verify the hallmark on the spot. The BIS mark and weight are on the coin and the sealed pack. The invoice itemises everything.
- Keep the sealed pack and invoice. Both are needed for full value at resale or exchange. Do not break the assay seal until you are ready to use the coin.
Buy BIS hallmarked gold coins at Londe Jewellers Nagpur
24K and 22K coins from 1 gram to 100 gram. Live IBJA gold rate at the counter. Sealed assay pack with purity certificate. Zero deduction on coin exchange towards jewellery.
Londe Jewellers Sitabuldi flagship, Modi No 2, Sitabuldi, Nagpur 440012. Open 11 AM to 8:30 PM, near Sitabuldi main market. Also at Gokulpeth (N Bazar Road), Manish Nagar (Beltarodi Road) and Nandanvan (Tiranga Square, opposite Axis Bank).
Visit a Londe showroomFrequently asked questions
What is the price of a 10 gram gold coin in Nagpur today?
A 10 gram 24K 999 coin is the day's 24K rate per gram times 10, plus a small minting charge and 3 percent GST. At the June 2026 reference rate of about Rs 14,590 per gram, a 10 gram coin works out to roughly Rs 1,50,000 all in. The live rate is shown at the Londe counter and on the today gold rate Nagpur page.
Are gold coins cheaper than gold jewellery?
Yes. A 24K coin carries only a small minting charge, typically Rs 100 to Rs 500, versus 8 to 22 percent making charges on jewellery. For pure investment, coins give you the most gold for your money. Jewellery is for wearing, coins are for saving.
Should I buy a 24K or 22K gold coin?
Buy 24K 999 for investment and gifting, since it holds full gold value and is the standard for Dhanteras and Akshaya Tritiya. Buy 22K only if you plan to later convert the coin into 22K jewellery. For saving, 24K is the right choice.
Do Londe gold coins carry a BIS hallmark?
Yes. Every Londe gold coin is BIS hallmarked with the purity mark and weight and comes with an assured purity certificate and an itemised invoice stating weight, purity and the rate applied.
Can I exchange a gold coin for jewellery later?
Yes. A Londe BIS hallmarked coin is credited towards jewellery at the day's gold rate with zero deduction on the gold value. Buying your investment coin from the same trusted jeweller is what makes this clean.
Where can I buy a gold coin in Nagpur?
Londe Jewellers Gold and Diamonds sells BIS hallmarked 24K and 22K coins from 1 gram to 100 gram at all 4 Nagpur showrooms. The Sitabuldi flagship at Modi No 2, Sitabuldi is open 11 AM to 8:30 PM.