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Wednesday, 25th February 2009 (777 views)

India Post has moved to expand its 24-c gold coin sale initiative, it has been announced.

According to Commodity Online, the postal services department has decided to introduce the service at more of its branches after the scheme enjoyed success at participating outlets.

Officials from the body said that 20 post offices in the state of Kerala will soon be selling gold coins, with the precious metal being made available in 0.5gm, 1gm, 5gm, and 8gm weights.

"We are gearing up to launch the gold coins sale in Kerala post offices," India Post's southern region headquarters director Govinda Rajan told the news source.

"Customers can now walk into any of these post offices and buy pure 24-c gold," he added.

Earlier this month India Post announced plans to implement a gold accumulation plan, giving customers the opportunity to invest in small amounts of the precious metal, rather than having to make large purchases.

 

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