Obaidur Rahman,
Additional Director General (M&C), PIB, Srinagar
Gold is one of the most precious metals ever mined, an efficient store of value, a sign of credibility, offers high security, liquidity, acts as a hedge against inflation and acts as instrument of long term investment. Pure gold does not rust, tarnish or corrode, can be melted or shaped into almost any design. Gold Coins are a true investment avenue as 10% of savings is recommended to be in gold since Gold retains its value over time and is least prone to risks.
Gold coins can be used to appreciate for an achievement, gifting purpose on occasions like birth of a new born, wedding occasions especially lower denomination, as a motivation to achieve a particular goal, as a souvenir on anniversaries, birthdays.
Customers are mostly concerned about the reliability, purity, and packaging of gold coins when they buy these from a local jeweler. Gold Coins from India Post are branded, pure, internationally certified, affordable, reliable, available off the shelf, at a convenient location, anytime of the year and in lower denominations. By selling of branded pure Gold Coins India Post will support and strengthen the customer outlook of a modern India Post Office. High network of Post Offices adds to convenience and easy availability besides huge customer credibility for India Post cuts across all sections of the society. India Post Gold Coins are available with standardized pricing across India.
In the last few years, the price of Gold has been appreciating by more than 39% p.a. on an average. Considering the return of investments of various deposits, the return from Gold is definitely high. This is one of the reasons why Post Office has started India Post Gold Coin Service. Further, India Post Gold Coins are available in small denominations like 0.5 g and 1 g so that even small investors can consider Gold as an option of investment.
During the current festive season, India Post is providing a special discount of 7% to every customer. This is a good opportunity for everyone in J&K to consider investment in Gold Coins. Those working in defence services, a discount of 8 % is given during the festive season. As a part of this festive season, 11, November 2012 is celebrated as Dhanteras, one of the auspicious days according to Hindu religion. On that day God of wealth, Kuber/Laxmi is worshipped and purchasing of Gold and like things is termed as auspicious.
India Post Gold Coin Service is available at Srinagar GPO, Jawahar Nagar PO, Leh HO, Leh City SO, Jammu Tawi HO, Viniak Bazar SO, Jammu Market MDG, Rajouri HO, Udhampur HO, Baramulla HO. India Post Gold Coins are 24 carat with 99.99 % purity while as those available in market are 99.5 % pure. These coins are made from Valacambi in Switzerland and they are packed in tamper proof packages. The coins are available in various denominations 0.5 gm, 1 gm, 2 gm, 5 gm, 8 gm, 10 gm, 20 gm and 50 gm. With lower denominations of Gold Coins,
India Post taps a wider customer base. The customers redeeming their NSC/ KVP/ Postal Fixed deposits can find
Gold Coins as an excellent investment option.
1925 Rs.18.75, 1935, Rs.30.81, 1945, Rs.62.00, 1955, Rs.79.18, 1965, Rs.71.75, 1975, Rs.540.00 1985, Rs.2,130.00 1995, Rs.4,680.00 2005, Rs.7,000.00 2012, Rs.34,495.00
Given above is year wise Price of Gold in India in last 88 years. In the initial period, the price of gold was around Rs. 18.75 per 10 gm of gold. Now it reaches to value of Rs. 34,495 per 10 gm of Gold. It’s a huge rise in price of Gold. Investing in Gold most probably will not disappoint you. (PIB Features)
With Inputs from Department of Post, Srinagar, Kashmir.
Read more / Original news source: http://manipur-mail.com/india-post-gold-coin-an-excellent-investment-option/
