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Ashoka Gold Coins

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Gold has been widely used throughout the world for various purposes either for investment or to make ornamental jewelry. As a part of Gold Monetisation Scheme, the Ashoka Chakra gold coin was launched in India on November 5th, by the Prime Minister of India Shri Narendra Modi. The main objective behind releasing these coins is to reduce the demand for coins minted outside India and also recycle the gold resources that are available in the country. India is likely to replace china to become world’s largest gold consumer, reaching an estimated consumption of about 900 to 1000 tonnes by the end of this year.

Special features of Ashoka gold coin:

  • This is the first ever in the Indian history, that the gold coins are made with National Emblem of Ashok Chakra inscribed on one side and the face of national leader, Mahatma Gandhi on the opposite side. So far we have seen many coins with Indian gods engraved on them but not the national symbol.
  • All the gold coins carry advanced anti-counterfeit features in order to prevent the creation of fake models.
  • It comes with strong proof packaging so that tampering of coins can be avoided.
  • Ashoka coins are available in 24 carats i.e 999 or 99.9% fineness which is the highest level of purity in the gold bullion market.

Coins availability:

  • Five and ten grams are the normal weight denominations for coins whereas 20 grams is available only as a bar/bullion.
  • As a part of initial launch, 15000 coins of 5gm, 20000 coins of 10 gm and 3750 Gold bullions of 20 grams are made available through 125 MMTC outlets.
  • All coins carry hallmark label as per BIS standards and get distributed only though the designated MMTC outlets.

What are the trusted places to buy gold coins in India?

Metals and Minerals Trading Corporation of India (MMTC) is the largest importer and bullion supplier of gold. Ashoka gold coins are readily available for buying at registered MMTC outlets, nationalized banks, jewelry stores or e-commerce websites. But it is important to make sure that the purchase is to be made only at the trusted places.