India Post offers 6% discount on gold coins

NEW DELHI: India Post today said it will offer a six per cent discount on gold coins on the occasion of of Akshya Tritya.

Customers would be able to purchase gold coins of any denomination and get a six per cent discount from across 31 designated post offices in the Delhi Postal Circle, India Post said in a statement.

These include post offices in Ashok Vihar, Civil Lines, Connaught Place, Greater Kailash, Hauz Khas, Janakpuri B-I and Paschim Vihar, among others.

'Akshya Tritya', a day in the Hindu calendar, is considered auspicious for buying the precious metal. Also known as 'Akha Teej', Akshya Tritya this year will be celebrated on April 24.

The gold coins are available in denominations of 0.5 grams, 1 grams, 5 grams, 8 grams, 10 grams, 20 grams and 50 grams of 24 carat with 99.99 per cent purity.

India Post, in association with World Gold Council and Reliance Money Infrastructure Ltd, commenced the sale of gold coins manufactured by Valcambi, Switzerland. This arrangement was started in October 2008.

India Post at present sells gold coins through more than 800 post offices across the country.