Gold Coins in India, Invest in Gold Coins in India | Indian Postoffice Savings

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Gold Coins

With its launch by A Raja, Minister for Communications and Information Technology, the Post Offices have started selling 24 carat gold coins from October 15, 2008. The sale will be available in over 100 India Post outlets in Delhi, Tamil Nadu, Maharashtra and Gujarat in the pilot phase. The gold coins are in the popular denomination of half gram, one gram, 5 grams and 8 grams. The prices of these coins will be competitive based on the prevailing prices of gold.

India Post has launched this pioneering venture in association with World Gold Council and Reliance Money. World Gold Council will help market the Swiss Medallions supplied by Reliance Money, making it available to Indian consumers through Post offices in a convenient and cost effective manner. The gold coins will be packed in a sealed cover with the certification from Valcambi, Switzerland. It has the benefits like internationally recognized certification, low risk of duplication, quality packaging, product standardization, numbering and assayer certificate.

Gold is the latest addition to a range of retail activity that India Post has already taken up. India Post has been selling various products under Retail Post category and there is sustained growth in the revenue from these activities. Post Office sells UPSC applications and university applications, it retails Darjeeling Tea in West Bengal, it markets Aloe Vera products in Gujarat and it takes orders for distribution of Prasadams of various temples in Andhra Pradesh and Kerala. Apart from enhancing the revenue of the Department, this will enable India Post to usher in a new image of India Post as a modern and relevant organization to the public in all areas of life.

13 Responses to “Gold Coins”

p.ponnambalam [ 20Oct08]

This scheme is really good for middle and upper middle class. It has not reached public intensively. I am interested in buying minimum 2 gms coins under this scheme. Kindly advise me where can I buy. My area is Karur-district-Tamilnadu

Regards
ponnambalam

nisha [ 09Jan09]

hai,
am interested in purchasing 5 grams. kindly advise me how could it be done. am presently residing in kerala.
nisha

anand [ 27Jan09]

It is great to buy gold coins. Wondering how easy is it to sell gold generally.

Shalini [ 03Feb09]

Hi,

I would like to invest in the same scheme..Kindly tell me process for the same..

Thanks
Shalini

Jomon Attokkaran [ 14Feb09]

Where can i get gold coins in kerala state?i am living Thrissur district.

SAMSUD DUHA [ 17Feb09]

i want to purchase gold coin. But we have no seller having hall mark. Please suggest

SOWMIYA [ 04Mar09]

How to identify a certificate number in the NSC certificate?

kalpna [ 23Mar09]

Hi pls contact me

sandesh [ 28Apr09]

i wud like to invest in coins.
but i wud like to know about its returns ?
is it tax saving?

Dharati [ 08Jun09]

sir, Can you please post your comments publically? sometimes many people having same questions… it would be more helpful if your answers are available here.

Manu Aggarwal [ 08Jul09]

Hi,

I would like to invest in the same scheme..Kindly tell me process for the same..

Thanks
Manu, Dehradun

Shaikh rizwan [ 01Aug09]