NEW DELHI: Buoyed by the
tremendous response to its gold coins sale last Diwali, India Post is offering
special schemes and discounts on its sale this festive season.
“We have come up with a special
offer for customers buying India Post gold coins. For every 10 gram gold coin
purchased from post offices, we are giving half gram gold coin free,” Department
of Posts General Manager (Business Development) John Samuel told The Hindu.
“We are also offering 6 per cent
discount on gold coins of any denomination in any quantity to both the Central
and State government employees. Even retired government employees are eligible.
Customers can walk into over 700 post offices across the country to avail the
offer,” he said.
The department was focusing on
gold coins of low-end denominations of 0.5 gram, 1 gram, 5 gram, 8 gram and 20
gram.
“We started selling gold coins
two years back and the response from people, particularly small investors, has
been overwhelming. The move has helped the department earn more revenue. The 24
carat gold coins contain the India Post logo and are manufactured by Valcambi,
Switzerland. They come with the benefits of internationally recognised
certification, quality packaging and product standardisation,” he said.
“Indians are the largest
consumers of gold in the world. Research reveals they continue to privately hold
around 18,000 tonnes and consume around 700 tonnes of new gold every year. We
provide various saving instruments to people, and gold coins give them one more
option… ,” Mr. Samuel said.
Source - TheHindu
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