Another sign that the demand for gold is reaching further international highs….
The India Post, the largest network in the country, has begun retailing gold coins. The company is selling 24-karat gold coins in denominations of ½ gram, 1 gram, 5 grams, and 8 gram units.
The India Post joins many banks and post offices that are now selling gold coins, in addition to jewelers of the past. In a move that is sure to secure profits for both buying and selling gold as India’s Diwali season approaches.
Traditionally, the gold coins sold by banks are priced 22% higher than the current market price of gold. The India Post will be priced higher than current market prices, but not as high as 22%. Additionally, India Post will allow for the buying and selling of gold, where banks only sell gold.
The coins for India Post will be supplied by Reliance Money – and will receive the same pricing as Reliance Money outlets.
Demand for gold has never been higher!! Get immediate Cash for your gold at Cash4Gold.com. Visit our website at www.cash4gold.com to see the prices we pay for your old or broken jewelry.
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