The bullion will be available between one gram and one kg and will be sold to jewellery manufacturers and individual buyers from BBA's office in Zaveri Bazaar in Mumbai.
Currently, IBJA will sell bullion through physical delivery, but in the long run, the association wants to sell it online.
"IBJA will sell bullion at around the same price as other retailers. This is for the first time, IBJA has entered bullion retailing", said Prithviraj Kothari, vice president of IBJA and managing director of RiddiSiddhi Bullion, told reporters at the IBJA seminar here.
"With this, the IBJA will generate revenue for the growth of the overall bullion industry in India," Kothari said.
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The BBA was selling gold in 1948, though it stopped selling later.
"We will mint coins and bars under our own name to create our own brand for future," Kothari added.