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Thursday
8 January 2009

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India Post is selling gold coins like hotcakes - CommodityOnline

The Indian government is extending a novel scheme to sell gold coins through post offices to several states in the wake of its stupendous success in the last two months. India Post in association with World Gold Council and Reliance Money launched the innovative plan in October. The scheme offers 24-c gold coins in 0.5g, 1.5g and 8g varieties and people can buy gold coins through post offices.

In the first phase, gold coins in the denomination of half gram, one gram, 5 grams and 8 grams were be sold in over 100 post offices in Delhi, Tamil Nadu, Maharashtra and Gujarat. The initiative was then introduced in Punjab, Andhra Pradesh and Rajasthan.

Read article: India Post is selling gold coins like hotcakes - CommodityOnline

Filed in: Gold Coins, World Coins

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