ICICI Bank to retail 24-carat gold coins across the counter
By Mumbai: | 10 Dec 2002
'ICICI Bank Pure Gold' coins, to be imported from Switzerland is to carry a 99.99-per cent Assay certification, signifying highest level of purity as per international industry standards.
Initially to be available in 5 and 10 grams denominations, at its branches in Mumbai and Delhi, it is later to be available in more denominations in more cities. The gold coins are to be priced based on daily prices on the international bullion market.
Says ICICI Bank head (retail channels and liabilities group) Amitabh Chaturvedi: “Gold continues to be one of the most popular modes of long-term investment in India, but the gold market has remained largely unorganised. Through the pure gold offer we hope to provide customers a convenient and reliable way of purchasing gold.“
