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Learn Financial Freedom Step by Step

How to Buy Gold from Muthoot Finance

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Muthoot Finance is the authorize dealer of selling 24 carat gold. Purity of Gold of Muthoot Finance is 999.99. It sells the gold in the form of 2,4, 5, 8, 10 and 50 grams coins or locket or pendant on the basis of updated price. For example, 24th oct. 2024 .'s rate of 2 grams gold pendant  is Rs. 17660 before GST but including making cost. 



Following are the main steps for buying gold from SBI.

1st Step : Fill the Form for Requesting 

Muthoot Finance will only seller of gold. It does not buy back. For buying gold, you have to fill the form of request in which you have to mention your name, address and mobile no. One time, you can buy from one Muthoot Finance. 

2nd Step : Give Your Identity and Address Proof's Copies to Muthoot Finance

You should carry your Adhaar card, 's photocopy because your request for buying will be accepted after getting your voter card copy. It will be the proof of your name and address. Muthoot Finance will give otp in your mobile, when it place the order. you have to give with your signature. 

3rd Step : Sign the Tax Invoice and Get Gold Coin with Invoice


SBI officer will make two copies of tax invoice. You have to deposit the price of gold plus GST. GST is 3% on the current value of gold. 2nd Nov. 2024, I have bought gold 2 gram gold, I have deposited Rs. 18190 out of them, I have paid Rs. 530 as GST.  It is total 3%  and it goes to CGST 1.5% and SGST 1.5%.


One copy, I have to sign and it will be kept by Muthoot Finance. One tax invoice is given to me which is the proof of buying. Now, it will become my investment and I can take its benefit as investment. 

Watch Video Tutorial 



Related Content : How to Buy Gold from SBI?

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Svtuition: How to Buy Gold from Muthoot Finance
How to Buy Gold from Muthoot Finance
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