

BHUBANESWAR: India Gold Coins, manufactured and marketed by the Metals and Minerals Trading Corporation (MMTC), will be launched across the country in October as part of the Centre's gold monetization scheme that allows depositors of gold to earn interest on their metal accounts.

Announcing the launch, MMTC managing director Ved Prakash said here on Sunday that the gold coins of 5gm and 10 gm weight would have Ashok Chakra and the face of Mahatma Gandhi engraved on them.

"While many countries have their national coins, India did not have one. These gold coins will be regarded as the national coin of India," Prakash added.

He said initially, MMTC would manufacture 20,000 coins a month, which would go up to 50,000 depending on demand.

The gold coins will also be sold in overseas markets in the UK, the USA and South Africa. "Discussions are on with India Post and the State bank of India for marketing of the gold coins," Prakash said.

