Govt gold coins from Nov 5

424636-goldcoin740Prime Minister Narendra Modi is expected to unveil a gold coin with
the symbol of Ashoka Chakra along with gold monetization and gold bond schemes on November 5, with an intention to promote investments in gold. Banks and post offices will sell the coins and the cost will be
less than the market rates. In the first phase 20,000 five gram coins and 30,000 ten gram coins will be released. The coins will be manufactured by the Security and Minting Corporation of India. The government is contemplating to bring into use 20,000 tonnes of gold lying idle.

Medaram Jathara

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