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Bank of India presents Gold Coins worth its purity and weight. Gold Coins are a 24 Carat, 999.9% pure gold that you can purchase for investment or gifting.
Gold continues to be one asset that appreciates steadily. Bank of India now offers Pure Gold Coins imported from Switzerland with an Assay certification, signifying the highest level of purity as per international standards.
Pure and reliable
Gold Coins are great value for money. These 24 K Gold Coins are made in Switzerland and come with an Assay certification, signifying the highest level of purity as per international standards.
Convenience
Gold Coins are currently available in 4 g, 5 g,8 g, 10 g, 20g and 50 g denominations. The Gold Coins are presented in tamper-proof see through certicard packs.
Price
Gold Coins are competitively priced based on the daily prices in the international bullion market. The price is inclusive of customs duty and other charges involved in the retailing of gold coins but excluding Vat/ST
Availability of gold coins
Gold Coins are available at over 1550 Bank branches connected to CBS across the country in more than 220 cities.
F A Q
If you have any queries that are not answered here, please call us or
write to us.
Is Bank of India venturing into gold/bullion market?
What form is Gold being sold in?
In what weights are the gold bars available?
How will Bank sell the gold?
What is the purity factor of gold?
What is the authenticity proof?
Who can buy the gold?
What is the price that the gold will be sold at?
Will Bank buy back the gold sold by them?
How can I buy gold through a Branch?
What documents are required for the purchase of Gold coins/bars?
Is Bank of India venturing into gold/bullion market?
Yes, Bank of India has RBI approval to retail gold/bullion to its customers.
What form is Gold being sold in?
Pure Gold Coins will be sold in the form of round, oval and rectangular bars.
In what weight are the gold bars available?
Currently Pure Gold Coins will be available in 4 g, 5 g, 8 g, 10 g, 20 g and 50 g weight.
How will Bank sell the gold?
Bank will sell the gold coins through its CBS branches.
What is the purity factor of gold?
Pure Gold Coins will be of 24 Karat, 999.9% purity gold.
What is the authenticity proof?
The gold Coins are packed in tamper - proof certicard packs that are see through at the manufacturing stage itself to prevent any damage / theft during transit. Moreover, the gold Coins sold by the Bank come with a "Assay Certification" indicating the highest quality of gold at 999.9% purity as per international standards.
Who can buy the gold?
Both, Bank of India Customers and non-customers are eligible to buy gold coins. However, Bank of India customers can issue a cheque from their any operativeSB/CD/OD/ account or provide a debit mandate towards purchase of gold coins.
What is the price that the gold will be sold at?
The price will depend upon the market rate of gold.
Will Bank of India buy back the gold sold by them?
Bank of India does not buy gold coins sold by them. You can sell it to any jeweller.
How can I buy gold through a Branch?
You can buy gold through any Bank of India branch (Core Banking Branch) by following these simple steps:
* Visit the Bank’s Branch & fill the Application Form.
* Mention the weight & quantity of the gold coins required in numbers & words & the mode of payment.
* Submit the gold Coins application form along with the cash / debit instructions / cheque form your savings / current account/OD Account at the counter.
Branch will accept & process your requirement and deliver the gold coins along with the Invoice to you.
What documents are required for the purchase of Gold coins/bars?
No documents are required for the purchase of Gold coins/bars with value less than Rs. 20,000. For purchase of Gold coins/bars from Rs. 20,000 to Rs. 50,000, an Identity proof required. If the transaction value is above Rs. 50,000 PAN card copy and an Identity proof of the customer would be required.
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