Post offices to sell gold coins

TIRUPATI: As a perfect diversification for the festive season round the corner, India Post has started retail sale of gold coins at all the post offices in the city. The coins are available at the Head Post Office, Bazar Post Office (Chinna Bazar) and North Post Office (Varadaraja Nagar). The coins are sold in the denominations of 1 gm, 5 gm and 8 gm. “The Swiss-certified gold medallions are certified 99.99 p.c. pure and are made available in tamper-proof packaging,” says Y.Reddemma, the Superintendent of Post Offices, Tirupati. The department has also announced a free half-a-gram gold coin with the purchase of 10 gms of gold till October 24.