8 Gram 24K Gold Coin

An 8 gram 24K gold coin holds 8 g of gold, about 0.257 troy ounces. The size exists in India for a reason: 8 g matches the traditional sovereign or pavan, a unit many buyers in parts of South India still use when they talk about gold. Several jewellers and refiners therefore sell 8 g coins next to the round metric sizes.

Each seller makes its own design and states its own fineness, typically 999 or 999.9 for 24K, with some brands at 995. metalsradar compares the 8 g offers by weight and purity so you can see the current spread between shops.

How an 8 g coin is priced

The price follows the same structure as other gold coins in India:

• the value of 8 g of gold at the day’s rate,
• a making or minting charge,
• GST at 3% on top.

Daily rates from the IBJA are quoted per 10 g and exclude GST and making charges. To compare an 8 g coin with that rate, take 80% of the 10 g figure for the metal value, then see how much the shop adds. Our gold price per gram chart does the per-gram arithmetic for you.

Who buys 8 g coins

Buyers who think in sovereigns often prefer this size because it fits how family gold has been counted for generations, and it can later be combined with other pieces when ordering jewellery. It also suits anyone who wants a holding a little smaller than 10 g at a lower total outlay.

Checks that matter at this weight

• Do not confuse a 24K 8 g coin with a 22K one. A 22K coin (916) contains less pure gold at the same weight and should cost less.
• Read the fineness on the coin and on the pack.
• Keep the certificate, the sealed packaging and the invoice together.
• Ask for the seller’s written buyback or exchange terms. They differ between jewellers.

Store the coin in a dry place in its original pack. If you keep several pieces at home, a small safe or a bank locker reduces risk.