How can you buy gold?
Find out how to buy physical gold with our beginners guide. Get tips on where to buy investment-grade gold easily.
When buying gold, decide whether you want it to use it as a financial safe haven or as a collectible.
Choose between gold bars, coins, or jewellery based on your budget, and check the current price and purity for fair deals.
Buy from reputable sellers and ensure proper storage is available to protect your gold holdings.
Apps like Equiti Gold offer convenience, real-time pricing, and secure storage options, making it easier to manage your physical gold ownership.
Things to consider when buying gold
Why are you buying gold? Decide if you want gold as a safe-haven asset, a way to keep your money safe, or as something you can use or keep.
How much money do you have? Knowing your budget will help you choose between gold bars, coins, jewellery, or other gold assets.
Gold prices: Gold prices change often. Check the current market price to make sure you’re getting the best deal.
Gold purity: Gold purity is measured in karats or fineness. Investment-grade gold is 95.8% pure (23k gold) or higher.
Storage: Think about how you will keep your gold safe. Physical gold needs to be stored securely and insured to be protected from theft or damage.
Reputable sellers: Buy from regulated sellers that offer certificates to ensure you receive genuine investment-grade gold.
Buying gold in its physical form
Gold bullion bars
Gold bars are large pieces of gold, usually bought in bulk. They come in different sizes, from 1g to kilos. The standard gold bar held in reserve and traded internationally by central banks and bullion dealers is the Good Delivery bar with a nominal weight of 400 ozt (12.4 kg; or 27.4 lb).
Investment-grade gold usually has a purity of at least 99.5% (also known as .995 fineness or 23k) or higher, such as 99.9% (also known as .999 fineness or 24k gold). This high level of purity ensures that the gold is of a standard acceptable for trading in international markets.
Gold coins
Gold coins are often collected but can also be bought as a store of money. Coins are easier to sell in smaller quantities and are recognised worldwide.
Coins can sometimes be more expensive than gold bars due to their rarity and condition. Make sure you understand the price and value before buying.
Gold jewellery
When buying gold jewellery, you are often paying more for the craftsmanship and design. This means the resale value can frequently be less than what you paid.
Best ways to buy gold in Dubai
Purchase gold from certified suppliers in Dubai. Reputable suppliers offer genuine gold and competitive prices, ensuring you receive high-quality products and protecting you from potential fraud.
Apps like Equiti Gold provide access to genuine gold products and ensure you receive accurate pricing and quality information.
Equiti Gold offers 24 karat gold and all investment-grade bars are sourced from UAEGD refineries. Wherever you purchase, verify that the gold you are buying is investment-grade and comes with proper certification. Certification confirms the purity and authenticity of the gold, giving you confidence in your purchase.
Choose secure delivery options with insurance to protect your gold during transit. Also, consider safe storage solutions to keep your gold secure once it arrives. Proper delivery and storage are crucial for safeguarding your gold from theft or damage.
Benefits of buying gold from an app
Buying gold through an app offers several key benefits.
The first includes the convenience of accessing and managing your gold from anywhere and at any time. This flexibility means you can monitor and adjust your holdings no matter where you are, making it easier to stay on top of your financial strategy. You can buy gold at flexible units, such as 7g or 53g, instead of many gold stores that require you to purchase in sets of 5g, 10g, and above.
Real-time pricing is another benefit. The Equiti Gold app provides live updates on gold prices, ensuring you have current information that you can compare easily and quickly. This helps you make well-informed decisions based on up-to-date market conditions.
Many apps offer secure storage and insurance options for your gold assets, giving you peace of mind that your gold is protected against theft or loss. This added layer of security is crucial for safeguarding your valuable assets.
With just a few taps on your device, you can quickly buy, sell, or track your gold holdings, streamlining the process and reducing the time and effort required to manage your assets. This user-friendly approach makes owning gold more accessible and manageable.
Open a free account with Equiti Gold today to get started.
