Indian residents can now buy gold and silver bullion online with BullionVault

Buying professional good delivery gold outside of India is now available to all citizens who are able to transfer funds abroad. Users resident in India can avoid gold import duty and sales tax, buying gold at live international rates in their choice of Zurich, Singapore, London or New York.

BullionVault is the world’s biggest online bullion market. It enables users from all over the world to buy and store gold & silver bullion in professional high security vaults at the latest live gold price. There are no minimum requirements and users can buy from 1 gram to whole bars.

BullionVault is a full member of the London Bullion Market Association (LBMA). Commission fees are the very lowest available for retail investors worldwide.

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 you pay lower commissions as the year progresses. Commission discounts for both purchases and sales run independently on gold and silver.

Gold and silver storage rates

Metal fees
(including insurance)
ETF fee for comparison
  Per month Minimum Per month
Gold 0.01% $4 0.033$
Silver 0.04% $8 0.042%

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

How much can Indian nationals transfer to BullionVault?

The Reserve Bank of India states in the Liberalised Remittance Scheme that individuals may transfer up to USD 250,000 per financial year for any permitted capital and current account transactions. For more information and to print the declaration form please visit the Reserve Bank's website here.

Outward Remittance help

Please see these Outward Remittance help pages for the following banks in India:

ICIC Bank -

HSBC Bank -

BullionVault users can transfer funds in US Dollars, Euros, British Pounds or Japanese Yen to the relevant part of BullionVault's client bank account. It is held at Lloyds Banking Group in London. You will find full details here.

Alternatively you can transfer Indian Rupees from your bank to our US Dollar account. Lloyds Banking Group will do the currency exchange for you. Expect to pay up to 3.0% in fees. See "Direct Transfers to London – US Dollars" on this page.

Why BullionVault?

BullionVault is the world’s largest online investment gold and silver service, allowing private investors access to the professional bullion markets. BullionVault manages $4.1 billion in client property for over 100,000 active users.

BullionVault gold and silver is securely stored in professional vaults. Because of this the custody fee, which covers storage and insurance, is much lower than anything comparable.

Only BullionVault gives you the opportunity to buy gold and silver at the benchmark London Prices published on the London Bullion Market Association website.

It’s free to open a BullionVault account and typically takes under a minute.

More about BullionVault