India Post has ventured into the scheme for Sale of branded Gold Coins of 99.99% purity. The scheme was launched in October 2008 in about 100 Post Offices spread across Delhi, Maharashtra, Tamilnadu and Gujarat Postal circles. India Post sells the 24 carat coins produced by Valcambi, Switzerland in association with World Gold council, and its business Partner. Presently this scheme is available in 700 Post Offices across India. India Post is overwhelmed by the response received from the public. More than 518 kg of gold has been sold from the Post Offices. Post Offices sell gold coins of 0.5 gm, 1.0 gm, 5 gms, 8 gms and 20 gms denominations.
Special Festive Season Offer can be availed from 12th October 2010 till 31st December 2010.The schemes are-
10 Pe Aadha – Ummeed Se Zyada Buy 10 gms gold get ½ gm free and, or A Special offer for Government Employees – 6% discount on purchase of gold coins of any denomination in any quantity by Government Employees/Retired Government Employees (Central or State Government Employees) on the day’s gold price. If the 6% discount is given to any Govt Employee, then the 0.5gm FREE offer does NOT apply even if the Government employee has purchased 10gms of gold.
Government employees need to show their government Photo Identity card as proof to avail 6% discount offer. Without the proof of the photo Identity card government employee will not be able to avail the 6% discount.