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WGC to offer 7% discount on gold coins

Gold body partners with India Post, Reliance Money Infrastructure to promote scheme

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Sharleen D'Souza Mumbai
Last Updated : Jan 25 2013 | 5:33 AM IST

The World Gold Council in partnership with India Post and Reliance Money Infrastructure announced today that they will offer a 7 per cent discount on purchase of gold coins at the Indian post offices all over India this Dussehra and Diwali.

This offer starts from October 16 and will continue till December 31.

During this period, customers can purchase 99.9per cent pure, Swiss-manufactured 24 carat gold coins in denominations of half a gram, one gram, five grams, eight grams, ten grams, twenty grams and fifty grams.

This year Dussehra falls on October 24, Dhanteras on November 11, followed by Diwali on November 13.

Dussehra and Dhanteras are considered auspicious days to buy gold by Hindus.

Commenting on the gold coin promotion during the festive season, Amresh Acharya, Director, Investment, World Gold Council, said: “Gold is a time tested asset class with a strong socio-cultural appeal. It has been our goal to make pure 24 carat gold available to all segments of society, especially during the festive periods considered auspicious for buying gold.”

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First Published: Oct 16 2012 | 2:02 PM IST

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