IOB to sell 'Indian Gold Coin' on Gudi Padwa in Mumbai

Mumbai: The Indian Overseas Bank (IOB) will sell the 'Indian Gold Coin' at its branches in the city tomorrow on the occasion of 'Gudi Padwa'.

Gudi Padwa, a major festival in Maharashtra, marks the beginning of the New Year in some states and is considered auspicious for buying precious metals.

"We are excited to offer the 'Indian Gold Coin' to our consumers in Mumbai, who wish to buy gold during the auspicious occasion of Gudi Padwa. Our 21 branches in the city will remain open to sell 'Indian Gold Coin'," an IOB spokesperson said in a release here.

MMTC's branch in Bandra Kurla Complex will also remain open tomorrow to sell the coins, available in denominations of 5, 10 and 20 grams.

The coins have Ashok Chakra engraved on one side and the face of Mahatma Gandhi on the other. The coins are priced in a transparent and competitive manner and hallmarked by Bureau of Indian Standards (BIS), the bank said.

Indian Gold Coin, having 24 carat purity and .999 fineness, is currently one of the purest forms of yellow metal available in the country and is 'Minted in India'.

The coins are also retailed through 20 MMTC outlets nationally.