New Indian Gold Coins Emerge on World Bullion Scene
By GCRU Gold News on Wednesday, April 6 2016, 00:30 - Permalink
Indian Overseas Bank (IOB) announced that it will begin issuing the Indian Gold Coin, a new bullion offering that will come in denominations of 5, 10, and 20 grams.
The 0.999-fine 24-karat coins will be India’s first-ever national gold coins and boast two culturally iconic images: a portrait of Indian independence movement leader Mahatma Gandhi and a depiction of the Ashoka Chakra, a 24-spoked circular emblem from Buddhism that represents the “wheel of the law”. It is one of the national symbols of India, and has appeared on both coins and currency.