logo
Published on Gold Anti-Trust Action Committee (http://www.gata.org)

Now India's very own gold coins

By cpowell
Created 2016-04-10 14:24

By Rajalakshmi Nirmal
The Hindu, Chennai, India
Sunday, April 10, 2016

Indian Overseas Bank kicked off sale of Indian gold coins on Friday at its branches in Mumbai on the occasion of Gudi Padwa. The Reserve Bank of India had given the nod to banks in January to sell these coins.

These coins, minted in India, will have the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi on the other and will join the global basket of national coins, including the American eagle coins of the United States, panda coins of China, and maple leaf coins of Canada.

With a third of the gold demand in India (200-250 tonnes a year) coming from investors who buy coins/bars of gold, this new coin should see strong demand. ...

... For the remainder of the report:

http://www.thehindubusinessline.com/portfolio/real-assets/now-indias-ver... [1]



ADVERTISEMENT

USAGold: Coins and bullion since 1973


USAGold, well known for its Internet site, USAGold.com, offers contemporary bullion coins and bullion-related historic gold coins for delivery to private investors in the United States, Europe, Canada, Australia, and New Zealand. It is one of the oldest and most respected names in the gold industry, with thousands of clients and an approach to investment that emphasizes guidance and individual needs over high-pressure sales tactics. The firm's zero-complaint record at the Better Business Bureau makes it an ideal match for the conservative, long-term investor looking for a reliable contact in the gold business.

Please call 1-800-869-5115x100 and ask for the trading desk, or visit:

http://www.USAGold.com [2]

USAGold: Great prices, quick delivery -- all the time.



Join GATA here:

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/ [3]

Support GATA by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html [4]

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal [5]

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org [6]

To contribute to GATA, please visit:

http://www.gata.org/node/16 [7]