How Indian residents or NRIs can buy gold and silver bullion online

BullionVault is the world’s largest online bullion market. It enables people from around the world to buy and sell physical gold, silver, platinum and palladium at live market prices. Users include investors in India and non-resident citizens.

Your bullion is stored at very low cost in professional, high-security vaults. Choose from London, New York, Singapore, Toronto or Zurich in Switzerland for gold. You can buy from 1 gram to 12.4kg London wholesale bars. Trading is open 24/7.

Owned and operated in the UK, BullionVault is a full member of the London Bullion Market Association (LBMA). Commission fees when you buy or sell are the very lowest available for retail investors worldwide. We accept US Dollars, Euros and UK Pounds. You can transfer Rupees or other currencies to our Client Bank Account for a maximum 0.5% FX conversion.

Standard commission rates

Transactions	Sum of all purchases (or sum of all sales) in the year so far	Commission rates
On the first	$75,000 or equivalent	0.50%
On the next	$750,000 or equivalent	0.10%
Then		0.05%

We aggregate your prior deals within the year, so larger customers pay lower commission rates as the year progresses. Commission discounts for both purchases and sales run independently on all metals.

Custody charges

Our custody charges include both storage and insurance:

• Gold: 0.12% per annum with a monthly minimum of $4
• Silver: 0.48% per annum with a monthly minimum of $8
• Platinum: 0.48% per annum with a monthly minimum of $8
• Palladium: 0.48% per annum with a monthly minimum of $8

Please note that the monthly minimums can make small investments uneconomic. For an Indian investor buying $20,000 or more, our fees run to a fraction of the annual costs charged by India's gold ETF trust funds. Use our cost calculator to estimate your custody charges for any size of investment.

Unlike Bank Deposit Protection, your BullionVault insurance (which is included in the monthly custody charge) protects you to the full value of your bullion, with no cap.

Transferring funds overseas from India

Under the Reserve Bank of India's Liberalised Remittance Scheme (LRS), resident individuals may remit up to US$250,000 per financial year for permitted current and capital-account transactions.

The US$250,000 limit is an overall LRS allowance and does not mean that every type of overseas transaction is automatically permitted. If you are resident in India, please check with your bank that your intended remittance is permitted under applicable Indian foreign-exchange regulations before transferring funds.

For more information, see the Reserve Bank of India's guidance on the Liberalised Remittance Scheme:

https://www.rbi.org.in/scripts/notificationuser.aspx?id=10192 

Funding your BullionVault account

If you are resident in India, please check with your bank that your intended remittance to BullionVault's Client Bank Account is permitted under the applicable Indian foreign-exchange regulations before sending funds.

If you are a Non-Resident Indian (NRIs) or live outside India, you can fund your BullionVault account by bank transfer in one of BullionVault's supported currencies: US Dollars, Euros, British Pounds and Japanese Yen. Or you can send another currency and have it converted to USD, EUR or GBP for a maximum fee from our bank of 0.5%. You will find full details here.