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Multi-media ad campaign to popularise gold coin

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NEW DELHI: A year after it was first launched, a multimedia advertising campaign is being launched to drive awareness around Diwali on the availability of the Indian gold coin by the Mines and Minerals Trading Corporation along with World Gold Council. Being launched this week, the campaign will cover newspapers, radio, digital and select cinema halls.

More information on Indian Gold Coin can be accessed on www.indiangoldcoin.com or toll free number 1800 1800 000.

The coin is available in denominations of 5 gm and 10 gm coin, and 20 gm bar. The coins are available at all MMTC outlets across India, along with select branches of seven Banks - Indian Overseas Bank, Vijaya Bank, Federal Bank, Yes Bank, Andhra Bank, ICICI Bank and HDFC Bank. Indian Gold Coin is available at about 383 outlets across India now.

The coin was launched by the prime minister Narendra Modi on 5 November 2015. It is India?s first-ever sovereign gold offering, and are hallmarked by the Bureau of Indian Standards (BIS) for purity. The creation of a national branded coin, of uniform price and quality has addressed the trust deficit that exists around the buying and selling of gold. It aligns with the ?Make in India? priority of the Government.

The coin has the national emblem Ashoka Chakra engraved on one side and Mahatma Gandhi on the reverse. Its other unique features include 24 Karat 999 fineness purity, positive tolerance, both in weight and purity, tamper-proof packaging and advanced anti-counterfeit features.

The coin is minted in India from gold sourced domestically from Gold Monetisation Scheme. It enters the international basket of national gold coins which is minted locally by the Indian Government Mint in Mumbai and Kolkata. It will aid in recycling of gold through transparent buy-back option being brought by MMTC.

Through the coin, the Government aims to reduce dependence on gold imports to meet the local gold demand as Indian Gold Coin is being minted from the gold collected under Gold Monetization Scheme (GMS).

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