20g Kundan Refinery Lakshmi Ganesh Silver Bar

The 20g Kundan Refinery Lakshmi Ganesh Silver Bar

The 20 gram Lakshmi Ganesh silver bar is a devotional and gifting product from Kundan Refinery, the bullion arm of India's Kundan Group, a New Delhi conglomerate founded in 1971 by Pradeep Garg. The refinery, established in 2011, was recognised by 2014 as the largest private gold refinery in India and won the Best Bullion Dealer Gold Award in 2019. In the Lakshmi Ganesh range the 20g silver piece is produced as a colour bar, with the goddess of wealth and the elephant-headed remover of obstacles depicted in traditional enamelled multicolour rather than plain struck relief.

This is bullion built around an occasion. Lakshmi and Ganesh imagery is bought in volume for Dhanteras, the first day of Diwali and the most auspicious day in the Hindu calendar for buying precious metals, as well as Akshaya Tritiya, weddings, and births. Kundan leans into that with tamper-proof sealed packs and festive gift boxing on festival editions. A 20g silver bar is an inexpensive, substantial-feeling gift, which is exactly the role it plays in the Indian market.

As an investment vehicle it is more limited. Kundan is not LBMA-accredited and the product has essentially no distribution outside India, so international resale falls back to melt value. Buyers comparing it against plain silver bars from accredited refiners should treat the coloured Lakshmi Ganesh design as the reason to buy, not a bonus on top of investment merit.

Kundan 20g Lakshmi Ganesh Colour Bar Specifications

The silver Lakshmi Ganesh line spans 10g, 20g, 50g, and 100g, with shapes across the wider range including oval, rectangle, rounded, and square. Lakshmi is traditionally shown seated on a lotus with gold coins cascading from her hands; Ganesh is seated, often four-armed, invoked before new ventures. The matching gold line runs from 0.5g to 50g in .9999 fine gold, including a popular 10g gold bar.

Kundan backs purity with NABL-accredited laboratory testing under ISO/IEC 17025, ISO 9001 certified manufacturing, Swiss minting technology, and verification by fire assay and XRF. The sealed packaging must be destroyed to reach the bar, which doubles as tamper evidence.

Tax on the Kundan 20g Silver Bar by Country

India is the relevant market for this bar, and Indian rules differ sharply from the Western pattern. India charges 3% GST on the metal value of bullion, plus 5% GST on any making charges. Capital gains under the 2024 rules are taxed at 12.5% for long-term holdings and at the buyer's income tax slab rate for short-term gains. No GST exemption exists for physical bars in India.

Elsewhere, the bar is taxed as ordinary non-legal-tender silver:

• UK: 20% VAT on purchase, CGT liability on sale. The least favourable combination for silver anywhere in this list.
• US: Most states exempt bullion from sales tax; capital gains run at the collectibles rate of up to 28%. A bar of this value falls below the purchase thresholds some states use for exemption (for example $1,000 in New York and Massachusetts), so state tax can apply even in threshold-exemption states.
• Canada: GST/HST exempt; silver at 99.9%+ purity in bar form qualifies, which .999 comfortably meets.
• Australia and New Zealand: Both set a 99.9% purity floor for GST-free silver, which .999 fine meets exactly.
• Hong Kong: No sales tax of any kind.

The practical caution remains resale rather than tax: outside India, dealers are unlikely to pay any brand premium for a non-LBMA Indian refinery bar, whatever its tax status.

Kundan Lakshmi Ganesh vs Other Devotional and Standard Silver

The natural comparison inside India is MMTC-PAMP, the joint venture between government-owned MMTC and Switzerland's PAMP SA, widely treated as the benchmark for Indian bullion thanks to its LBMA-associated credibility. Kundan's answer is scale and price: India's largest private refinery, BIS hallmarking, NABL-accredited assay, and pricing closer to spot. Augmont Gold and RSBL offer similar domestic alternatives. For a festival gift the practical differences are small; for a holding you may one day sell abroad, the accreditation gap matters.

Against standard international silver bars, a plain 20g or comparable small bar from an LBMA-accredited refiner trades on global recognition and recovers its premium at resale almost anywhere. The Kundan colour bar trades on meaning instead. The enamelled deity artwork has no equivalent from PAMP, Valcambi, or the sovereign mints; nobody else produces deity-themed bullion at this scale.

It is also worth noting what small silver is for. At 20 grams the metal value is modest, and small silver bars generally function as gifts and keepsakes rather than wealth storage; serious silver accumulation happens at 10 oz, kilo, and larger sizes where premiums compress. Judged as a culturally specific gift with verified fine silver content and tamper-proof packaging, the Lakshmi Ganesh colour bar does its actual job well.