What is Gold Coin or Bullion Scheme and how can you take advantage of it

Zee Media Bureau

New Delhi: The Indian gold coin and bullion is a part of the Gold Monetisation Programme.

Also read: PM Modi launches first 'India gold coin' and other gold schemes

We are listing out a few salient features of the scheme and also stating how you can take advantage from it.

Also read: How to benefit from Gold Monetisation Scheme

• The coin will be the first  ever national gold coin minted in India and will have the National Emblem of Ashok Chakra engraved on one side and Mahatma Gandhi on the other side .
• Initially the coins will be available in denominations of 5 and 10 grams.
• A 20 gram bullion will also be available.
• Initially, 15,000 coins of 5gm, 20,000 coins of 10 gm and 3,750 of bullions of 20 gm will be made available through MMTC outlets.
• The Indian Gold coin & bullion is unique in many aspects and will carry advanced anti-counterfeit features and tamper proof packaging.
• The Indian Cold coin & bullion will be of 24 karat purity and 999 fineness.
• All coins & bullion will be hallmarked as per the BIS standards.
• These coins will be distributed initially through designated & recognised MMTC outlets and later through specified bank branches and post offices.