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Now India's very own gold coins

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Chris Powell

GATA

Published : April 11th, 2016

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FOLLOW : Bars Canada China Coin Coins Gold Gold Demand India Indian Maple Leaf

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	Indian Overseas Bank kicked off sale of Indian gold coins on Friday at its branches in Mumbai on the occasion of Gudi Padwa. The Reserve Bank of India had given the nod to banks in January to sell these coins. These coins, minted in India, will have the national emblem of Ashok Chakra engraved on one side and the face of Mahatma Gandhi on the other and will join the global basket of national coins, including the American eagle coins of the United States, panda coins of China, and maple leaf coins of Canada. With a third of the gold demand in India (200-250 tonnes a year) coming from investors who buy coins/bars of gold, this new coin should see strong demand. ... ... For the remainder of the report: http://www.thehindubusinessline.com/portfolio...w-indias-ver...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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