India Post Gold Coin: Excellent Investment Option

By Obaidur Rahman
Additional Director General (M&C), PIB, Srinagar

Gold is one of the most precious metals ever mined, an efficient store of value, a sign of credibility, offers high security, liquidity, acts as a hedge against inflation and acts as instrument of long term investment. Pure gold does not rust, tarnish or corrode, can be melted or shaped into almost any design. Gold Coins are a true investment avenue as 10% of savings is recommended to be in gold since Gold retains its value over time and is least prone to risks.

Gold coins can be used to appreciate for an achievement, gifting purpose on occasions like birth of a new born, wedding occasions especially lower denomination, as a motivation to achieve a particular goal, as a souvenir on anniversaries, birthdays.

Customers are mostly concerned about the reliability, purity, and packaging of gold coins when they buy these from a local jeweler. Gold Coins from India Post are branded, pure, internationally certified, affordable, reliable, available off the shelf, at a convenient location, anytime of the year and in lower denominations. By selling of branded pure Gold Coins India Post will support and strengthen the customer outlook of a modern India Post Office. High network of Post Offices adds to convenience and easy availability besides huge customer credibility for India Post cuts across all sections of the society. India Post Gold Coins are available with standardized pricing across India.

In the last few years, the price of Gold has been appreciating by more than 39% p.a. on an average. Considering the return of investments of various deposits, the return from Gold is definitely high. This is one of the reasons why Post Office has started India Post Gold Coin Service. Further, India Post Gold Coins are available in small denominations like 0.5 g and 1 g so that even small investors can consider Gold as an option of investment.

During the current festive season, India Post is providing a special discount of 7% to every customer. This is a good opportunity for everyone in J&K to consider investment in Gold Coins. Those working in defence services,  a discount of 8 % is given during the festive season.  As a part of this festive season, 11, November 2012 is celebrated as Dhanteras, one of the auspicious days according to Hindu religion. On that day God of wealth, Kuber/Laxmi is worshipped and purchasing of Gold and like things is termed as auspicious.

India Post Gold Coin Service is available at Srinagar GPO, Jawahar Nagar PO, Leh HO, Leh City SO, Jammu Tawi HO, Viniak Bazar SO, Jammu Market MDG, Rajouri HO, Udhampur HO, Baramulla HO. India Post Gold Coins are 24 carat with 99.99 % purity while as those available in market are 99.5 % pure. These coins are made from Valacambi in Switzerland and they are packed in tamper proof packages. The coins are available in various denominations 0.5 gm, 1 gm, 2 gm, 5 gm, 8 gm, 10 gm, 20 gm and 50 gm. With lower denominations of Gold Coins, India Post taps a wider customer base. The customers redeeming their NSC/ KVP/ Postal Fixed deposits can find Gold Coins as an excellent investment option.

Tremendous Gold Growth…

10 Gms of GOLD PRICE History for The Last 86 yrs

Year

Price

 

Year

Price

 

Year

Price

 

Year

Price

1925

Rs.18.75

1947

Rs.88.62

1969

Rs.176.00

1991

Rs.3,466.00

1926

Rs.18.43

1948

Rs.95.87

1970

Rs.184.50

1992

Rs.4,334.00

1927

Rs.18.37

1949

Rs.94.17

1971

Rs.193.00

1993

Rs.4,140.00

1928

Rs.18.37

1950

Rs.99.18

1972

Rs.202.00

1994

Rs.4,598.00

1929

Rs.18.43

1951

Rs.98.05

1973

Rs.278.50

1995

Rs.4,680.00

1930

Rs.18.05

1952

Rs.76.81

1974

Rs.506.00

1996

Rs.5,160.00

1931

Rs.18.18

1953

Rs.73.06

1975

Rs.540.00

1997

Rs.4,725.00

1932

Rs.23.06

1954

Rs.77.75

1976

Rs.432.00

1998

Rs.4,045.00

1933

Rs.24.05

1955

Rs.79.18

1977

Rs.486.00

1999

Rs.4,234.00

1934

Rs.28.81

1956

Rs.90.81

1978

Rs.685.00

2000

Rs.4,400.00

1935

Rs.30.81

1957

Rs.90.62

1979

Rs.937.00

2001

Rs.4,300.00

1936

Rs.29.81

1958

Rs.95.38

1980

Rs.1,330.00

2002

Rs.4,990.00

1937

Rs.30.18

1959

Rs.102.56

1981

Rs.1,800.00

2003

Rs.5,600.00

1938

Rs.29.93

1960

Rs.111.87

1982

Rs.1,645.00

2004

Rs.5,850.00

1939

Rs.31.74

1961

Rs.119.35

1983

Rs.1,800.00

2005

Rs.7,000.00

1940

Rs.36.04

1962

Rs.119.75

1984

Rs.1,970.00

2006

Rs.8,400.00

1941

Rs.37.43

1963

Rs.97.00

1985

Rs.2,130.00

2007

Rs.10,800.00

1942

Rs.44.05

1964

Rs.63.25

1986

Rs.2,140.00

2008

Rs.12,500.00

1943

Rs.51.05

1965

Rs.71.75

1987

Rs.2,570.00

2009

Rs.14,500.00

1944

Rs.52.93

1966

Rs.83.75

1988

Rs.3,130.00

2010

Rs.18,500.00

1945

Rs.62.00

1967

Rs.102.50

1989

Rs.3,140.00

2011

Rs.26,400.00

1946

Rs.83.87

1968

Rs.162.00

1990

Rs.3,200.00

2012

Rs.34,495.

 

Given above is year wise Price of Gold in India in last 88 years. In the initial period, the price of gold was around Rs. 18.75 per 10 gm of gold. Now it reaches to value of Rs. 34,495 per 10 gm of Gold. It’s a huge rise in price of Gold. Investing in Gold  most probably will not disappoint you.

- PIB Features, with Inputs from Department of Post, Srinagar, Kashmir.

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