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Hi, i am from india and i live in chicago ..and i wanna buy gold,so should i buy it from here or india?

  • i want to buy some gold may be bangles or a gold coin...can anybody tell me whether its a good idea to buy it from here or india coz i heard that here in chicago i ll be charged more for taxes...is it true?....and should i buy gold bangles or gold bar?....what do u think will be more valuable....does any body know a good gold shop here in devon?...pls my hubby has earned some money by working hard to buy me something so i really dont want to waste it..pls help

  • Answer:

    24 kt gold bars and coins are sold in Indian Banks and jewelry stores. So no use of bringing it. If you visit Indian jewelry stores in the cities, you will be amazed at the variety and workmanship. To compare gold prices in Chicago and Mumbai, see the website referred below.

mahveens... at Yahoo! Answers Visit the source

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My family and I live in chicago too and over the summer we visited india and i'd say your best bet is to buy it from india. Chicago will rip you off like no other because a.) its a big city. b.) you can't bargain here like you can in India. and c,) its higher taxes in Chicago also if you buy it from india you'll get more for your money and you can have more options on how you want to design your piece or even what kind of gold your looking for. hope this helped!

letsmoveon

Chicago has the highest sales tax in the country 11%. A one ounce gold coin costs about $1000, in Chicago it will cost you over $1100 over a hundred dollars extra. A gold bar is much more expensive so probably a few thousand more in Chicago than elsewhare.

ridingnchicago

I'd say wait and buy it from India...it will be cheaper, and you will get your money's worth. The craftmanship in India is better than what you would find here on Devon, Chicago.

lovetotravel

India

Jack

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