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Monday, May 2, 2016

Buy Gold Coins at Post Offices

 
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Indian Gold Coins may soon be available in post offices across the country. To this end, MMTC, the government agency handling the marketing of the first such national coins, is likely to enter into an agreement with India Post short ly, officials said.

While Indian Overseas Bank has started distributing the coins, talks are on with the State Bank of India, UCO bank and ICICI Bank to sell them. The coins will have the Ashoka Chakra engraved on one side and Gandhiji's image on the on the other. A 5 gm coin and a 10 gm coin will be available, as will a 20 gm bar.The initiative comes at a time when gold prices have increased 16.2% in the first three months of the year, marking the largest quarterly rise since 1986.

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