Buying Gold Bullion From Banks -

If they have it, you can often store it immediately in a safe deposit box at the same location.

Banks typically charge a 7–10% markup over the "spot" market price, which is often higher than specialized dealers. buying gold bullion from banks

Do not expect to walk into a branch and buy gold. Most banks that still participate require you to be an existing account holder and may need to order the metal in advance. If they have it, you can often store

Higher premiums and a lack of buyback programs make it a more expensive entry point. How to Proceed If they have it

Some private banks allow wealthy clients to buy a claim to gold held in their vaults (starting around $250,000), which avoids the hassle of physical handling.