Gold is the latest addition to a range of retail activity that India Post has already taken up. India Post has extended its recently launched sale of gold coins to the state of Punjab considering the overwhelming demand for the service. Gold coins will be sold at selected post offices in Ludhiana and Jallandhar. The Department is also offering 5% special discount to its customers during this festive season which will be valid up till the end of the current month. On the eve of Dhanteras, which falls on Sunday the 26th October 2008, India Post has made special arrangements to keep some of its offices open in Delhi, Tamil Nadu, Gujarat, Punjab and Maharashtra. Dhanteras is considered an auspicious day for purchasing precious metals. Apart from enhancing the revenue of the Department, this has enabled India Post to usher in a new image of India Post as a modern and relevant organization in all areas of life. This facility is available in 102 Post offices . This service is done in association with the World Gold Council and Reliance Money Limited. Small investors are buying gold coins from post office for two obvious reasons. First, the gold coin prices are low as compared to other suppliers. Second, Post Office is focusing on the low-end denominations like 0.5 gm., 1 gm., 5 gm., and 8 gm making them more accessible. Isn't it a great and interesting move taken up by the India Post??????
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2 comments:
i guess its raining gold coins dis dhanteras...!!!
Well i must say you are absolutely right...!!!!
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