Monday, August 2, 2010

India Gets First E-Selling Service For Gold

If you're a resident of India and want one or more 1 kg gold bar(s), you can now order online.
According to a press note, for the first time, a private organisation will participate in e-selling of imported gold bars and coins. The service started from August 2....

In the first phase, Shree Ganesh Jewellery House will sell imported London goods delivery bar with a minimum booking volume of 1 kg and 0.995 per cent purity.

London goods delivery bar is a bar of gold or silver which meets the good delivery rules for gold or silver bars published by the London Bullion Market Association.

Initially, although booking can be made from across India, the physical delivery of the gold will be across 19 districts of West Bengal....

Based upon the hopes for the program, it should increase demand for the metal in India.

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