Soon, gold coins will be available at India Post

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KOLKATA: The Indian gold coins may soon be available across the country. MMTC, the government agency handling marketing of the first such national coins, is likely to enter into an agreement with India Post shortly for the purpose, officials said.Gold-coins-stack-currency

While Indian Overseas Bank has started distributing these coins through limited branches, talks are on with the State Bank of India, UCO bank and ICICI Bank to sell these coins that carry Ashoka Chakra on one side and Gandhiji’s logo on the other side. MMTC’s initiative comes at a time when gold prices increased 16.2% in the first three months of the year, the biggest quarterly rise since 1986.

“The coins were being initially minted at the government mint in Mumbai. Now the Kolkata mint has also started producing these coins,” an official said. The coins are available in 5 gm and 10 gm options, along with a 20 gm bar. The 24¬≠carat coins and bar come with 999 purity.

Source : http://economictimes.indiatimes.com/

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