Selling gold is a very common practice in India, which people tend to convert into money in extreme need of money. Indian markets offer myriad options to buy and sell ornaments. But when it comes on to banks selling the gold bullion, bars or coins to people they never buy it back from them. So ultimately they have no option but to sell their gold to the jewel smith or some craftsmen, who take advantage of situation and deduct the huge amount in the name of wastage charge, melting charge and so on. This results in p...

  Selling gold is a very common practice in India, which people tend to convert into money in extreme need of money. Indian markets offer myriad options to buy and sell ornaments. But when it comes on to banks selling the gold bullion, bars or coins to people they never buy it back from them. So ultimately they have no option but to sell their gold to the jewel smith or some craftsmen, who take advantage of situation and deduct the huge amount in the name

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