Uttar Pradesh post offices to also sell gold coins

March 6th, 2009 - 9:28 pm ICT by IANS  

Lucknow, March 6 (IANS) After Gujarat, Tamil Nadu, Maharashtra and Delhi, now it is the turn of post offices in Uttar Pradesh to sell gold coins, an official said Friday.
As many as 102 post offices in the state will start selling gold coins March 9, a day before Holi, Sachin Kishore, director of postal services told IANS here.

In the first phase, the gold coins would be available at post offices in Lucknow, Ghaziabad, Agra, Allahabad and Kanpur. Later, the service would be extended to other districts of the state, he added.

According to officials, the gold coins would be available in four denominations - 0.5 gm, one gm, five gm and eight gm - in specially designed tamper-proof packaging. The coins will come along with a certification of gold purity, they added.

To attract customers, the postal department will launch the new service with a discount, officials said, adding the coins will available at prices five per cent lower than market price at the launch, officials added.

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