India Post Offices have begun a new service that is uniquely creative. They are selling 24 carat gold coins across the country.
The first phase of a pilot program launched on Wednesday, October 15, with gold coins sold in the popular denominations of 0.5 grams, 1 gram, 5 grams and 8 grams.
The four coins are available within 102 Post Offices in the key cities of Delhi, Maharashtra, Gujarat and Tamil Nadu Circles. The service is expected to gradually extend based on public response, with the Department of Post directed to distribute the gold pieces to rural post offices.
"India Post will continue to maximize the network, by making the post office a one stop shop for communication, distribution and retail solutions," said Thiru A. Raja, Communications and IT Minister.
"The time has come for India Post to boldly venture into new services that will make the Post office as the hub for various businesses," Raja added.
The new service is provided in association with World Gold Council and Reliance Money. Each gold coin is packed in a sealed cover with a certification from Valcambi, Switzerland.
"We want to take the culture of structured investments in gold to the masses through India Post and provide gold at impeccable quality, quantity and price points," said Sudip Bandyopadhyay, Director and CEO of Reliance Money.
Phase two will include coins with the new India Post logo.
How I can buy those Gold Coins which are selling in India? Do they accept Credit Card Payment or Personal Check?
what is the rate of various type and weight of gold coin and availability in sikar post office (rajasthan) or not
Respected Sir,
Please inform me the rates of gold coin. Are the rates uniform all over India. Where do I buy them in Pune
Regards.
Manoj
are post office give guarantee of gold purity/certificate
hi,
can u give me the list of postoffice where the coins r avialable in mumbai along with weight & prise respectively
I would like to know the the name of post office in Mysore – karnataka , where I can buy Gold coin ?
I purchased 02 coins of 08 gms and 01 coin of 05 gms. Post Office staff given me 06 % rebate, but they do not disclosed me one other scheme that if I purchase 02 coins of 05 gms each then I will be eligible for receiving .5gm Gold coin free in this scheme. After purchase, simply i chat to post office site and when I know about this scheme. Please advise me whether this scheme is ongoing at present or not or Post Office staff was wrong line or they are right.
I intend to purchased 2 gold coins of 05 gms. each. Post Office staff informed me that i can get rebate of 06 % or .5gm gold coin, they are not giving me both the i.e rebate of 6% and .5 gm. gold free on purchase of 10 gm gold. pl. let me know the exact scheme. i am a central govt. employee. Post Office staff was wrong line or they are right.
what is the rate of various type and weight of gold coin and availability in Fathehgunj (Vadodara,Gujarat) Post Office
What is the rate of these gold coins and let me know the gold coin savings scheme……Are post office give guarantee of gold purity/certificate….