RBI Allows Banks to Sell India Gold Coins

Mumbai: The Reserve Bank of India on Thursday permitted banks to sell India Gold Coins (IGC) with Ashok Chakra minted by MMTC through their branches. It has been decided to allow designated banks to sell the IGCs manufactured by MMTC, the RBI said in a notification. "The terms and conditions shall be as per the contract between the designated bank and MMTC," it said. MMTC has clarified that the gold used for the IGC will be only t...