10g Kundan Refinery Lakshmi Ganesh Silver Bar

The 10g Kundan Refinery Lakshmi Ganesh Silver Bar

This 10 gram silver bar carries the flagship devotional design of Kundan Refinery, part of the Kundan Group founded in 1971 by Pradeep Garg and headquartered in New Delhi. The refinery itself was established in 2011 and by 2014 was recognised as the largest private gold refinery in India. The bar depicts Lakshmi, the Hindu goddess of wealth and prosperity, and Ganesh, the elephant-headed god of beginnings and remover of obstacles. The pairing is the classic imagery of auspicious gold and silver buying in India.

That cultural context is the whole point of this product. It is bought heavily around Dhanteras, the first day of Diwali and traditionally the most auspicious day of the year to buy precious metals, as well as Akshaya Tritiya, weddings, and births. A 10g silver bar is an affordable, giftable unit, and Kundan packages festival editions in gift-wrapped boxes with tamper-proof sealed packs. No international mint produces deity-themed bullion at anything like this scale, which makes the Lakshmi Ganesh line a genuinely distinct product rather than another generic silver bar.

The trade-off is reach. Kundan is not LBMA-accredited, and distribution is essentially India-only, available direct from the refinery, through CoinBazaar, Amazon India, and local jewellers. Outside India, dealers will typically value the bar at metal content rather than paying any brand premium. Buyers wanting maximum international liquidity in small silver should look to accredited refiner bars instead; buyers wanting a culturally meaningful gift or a small devotional holding are exactly who this bar is made for.

Kundan 10g Lakshmi Ganesh Silver Bar Specifications

Kundan produces the Lakshmi Ganesh theme across silver weights of 10g, 20g, 50g, and 100g, with some coloured and enamelled variants where the deities are printed in traditional multicolour style. Shapes across the range include oval, rectangle, rounded, and square formats. The same theme runs through the gold line from 0.5g up to 50g gold bars.

Quality assurance comes from several layers: Kundan Labs are NABL-accredited under ISO/IEC 17025, manufacturing is ISO 9001 certified, products are minted with Swiss minting technology, and purity is verified by fire assay and XRF analysis. The tamper-proof packaging must be destroyed to access the bar, which itself serves as proof the bar is untouched.

Tax Treatment of the Kundan 10g Silver Bar

This bar is overwhelmingly an Indian-market product, so Indian tax rules are the relevant ones for most buyers. India applies 3% GST on the metal value of gold and silver bullion, with making charges attracting an additional 5% GST. Under India's 2024 rules, long-term capital gains on physical precious metals are taxed at 12.5%, while short-term gains are taxed at the individual's income tax slab rate. There is no GST exemption for physical bars in India.

For the few buyers sourcing it elsewhere, standard silver bar rules apply:

• UK: 20% VAT on purchase and no CGT exemption on sale, the standard double tax burden on non-legal-tender silver.
• US: Most states exempt bullion from sales tax; capital gains are taxed at the collectibles rate of up to 28%.
• Canada: GST/HST exempt, as silver refined to at least 99.9% purity in bar form qualifies for the federal exemption.
• Australia and New Zealand: .9999 silver clears the 99.9% purity threshold both countries set for GST-free silver.
• Singapore and Hong Kong: Singapore exempts qualifying investment silver of at least 99.9% purity from GST; Hong Kong levies no sales tax at all.

One practical caveat: tax-exempt status does not create resale liquidity. Outside India this bar lacks the LBMA accreditation that international dealers look for, so its effective resale value abroad is its metal content.

Kundan Lakshmi Ganesh vs MMTC-PAMP and International Bars

Within India, the closest rival is MMTC-PAMP, the joint venture between government-owned MMTC and Switzerland's PAMP SA, which also produces Lakshmi and Ganesh themed products. MMTC-PAMP carries LBMA-associated credibility and is generally treated as the gold standard for Indian bullion. Kundan counters as India's largest private refinery with pricing closer to spot, BIS hallmarking, and NABL-accredited assay, but without the international accreditation. Augmont Gold and RSBL occupy similar ground with comparable product ranges and hallmarking.

Against international refiner bars from PAMP, Valcambi, or Perth Mint, the calculation flips depending on where you live. In India, the international brands command higher premiums while Kundan delivers the same fine silver for less. Outside India, the international brands win on every practical measure: global dealer recognition, LBMA accreditation, and full brand premium recovery at resale. A 10g silver bar is a small-value item in any case; at this size silver bars function more as gifts than as investment positions, which suits the Lakshmi Ganesh design rather well.

The honest summary: nothing else combines this cultural specificity with industrial-scale production. If the deity imagery matters to you, Kundan is the category. If it does not, a 10g bar from an accredited international refiner or a recognised sovereign mint product will serve resale better outside India.