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Can GOLD be deposited in the bank?
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Consumers who want to make savings with their money prefer to buy gold as an investment method, while ‘Do banks buy physical gold?"the question is among the questions that consumers are very interested in. Although gold comes to mind first, banks also support their customers with the option of a demand and term gold account.

Can GOLD be bought from banks?

Banks offer their customers the option to buy gram gold for investment purposes through internet banking and mobile banking applications, as well as offer their customers the opportunity to buy and sell physical gold from private banks. In fact, in recent years, a law authorizing banks to buy and sell gold has been regulated, opening the way for consumers to apply to banks to buy and sell physical gold from banks. But despite all this, there is no physical gold in every branch of every bank. By contacting the bank to find out whether the physical gold purchase and sale has been made by the consumer bank, it can reach the information of which branch is available and perform its transactions through the branch.


Consumers can also deliver their jewelry gold and gram gold to banks. Gold delivered to banks can be stored in vaults according to the demand of the consumer, as well as an investment account can be opened by converting it to gram gold for evaluation in investment accounts. But gold buying by banks is not done every day, and transactions are made on Days determined by banks.

Buy gold from a bank or buy gold from a jewelry store?

A decision can be made by comparing the process of buying and selling gold from banks and the process of buying and selling gold from a jewelry store. But if gold is to be purchased for investment purposes, it is more advantageous to buy and sell gold through banks. Because the consumer can buy gold at any time, as well as cash it at any time.


Because transactions can be done via internet banking and mobile banking, they can be performed quickly. Of course, which bank to work with will also be effective in the decision-making process. There are also differences between banks. In short, jewelers are more profitable if jewelry gold is to be taken, but banks should be preferred if gram gold is to be taken for investment purposes.

How To Get Physical Gold From The Bank?

In order to obtain physical gold from the bank, it is first necessary to determine the bank to be studied. Customer service belonging to the bank should then be called and asked if it is suitable for buying and selling physical gold from the bank. After the necessary checks are made by the customer representative, information is provided about which branch can be worked with.

Is it more profitable to open a Gold account or to buy physical gold?

If you say that it is more profitable to open a Gold account or buy physical gold, knowing about its advantages and disadvantages will be effective in making the right decision.

Since there will be a problem such as protecting gold if physical gold is purchased through jewelers, it would be the right decision to choose a safe environment such as a bank by opening a gram gold account in terms of eliminating the security problem.
For the process of buying and selling physical gold from banks, banks are quite limited, and you may not be able to perform this transaction at every bank. But although a gram gold account is available in every bank, you can make a buy-sell transaction at any time.
When buying physical gold, it is possible to buy it in grams, quarters, ingots and cheques.
The purchase of physical gold from banks is carried out only through branches and ATMs, while the purchase and sale of gram gold can be carried out through ATMs, telephone and internet banking and mobile banking, especially in branches.
In order to make transactions through banks when you want to cash physical gold in case of need, you must first research the banks or cash it through jewelers. But if you have a gram gold account, you can make your gold through the bank at any time.
Although it shows physical differences such as the Golden quarter and tam, the difference between trading may be excessive. But the difference between buying and selling for a gram of gold account found in banks is low. Moreover, there will be no such concepts as old and New dated.
Physical gold will be inert because it is not included in the market. But a gram of gold account opened in banks will also support the economy, while your money will also be secure.
As mentioned above, it is not possible to find physical gold in every bank. Although there are banks that issue physical gold, you must be aware of the availability of the branch in advance in order to make transactions, and the process of buying and selling physical gold from the bank occurs only through branches.
You can quickly open an account via internet banking or mobile banking without the need for a branch to open a Gold account through banks. In addition, you can trade and trade at any time during working hours on weekdays. It would be the right choice to save time and costs to open a gram gold account through the bank. In addition, you can get 0.01 grams of gold through the bank, and gold accounts are under state guarantee of up to 100,000.
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