Adding another Golden chapter to its history, Punjab National Bank today launched PNB Gold coins after six years of its renowned gold business. 
 

As the festive eve of Diwali approaches and customers search a unique gift item for their loved ones, this coin can become is an apt choice for an asset of a lifetime. 
 

Available in four designated weights of 5 gm, 8 gm, 10 gm (Round Shape Coins) and 20 gm (Rectangular bar) at 267 identified branches of the bank; these coins are certified by world’s largest independent and prestigious gold refinery PAMP in Switzerland. 
 

Each round coin is individually packed in a tamper proof packing with logo of PNB on side and 999.9 fineness PAMP Swiss made embossed on the other side with a unique number by the PAMP refinery on each packing. 
 

The bank which has made a business of Rs. 2, 13,000 crores till September 2006 has introduced a slew of services with passage of each day which has added a glitter to their shining future. 
 

Hailing the scheme, S.C Gupta, Chairman & Managing Director, PNB said “This is another feather in the cap for PNB. The price offered under the scheme is very competitive which will benefit all investors. Gold is an item which is an asset for every family and it provides a lot of safety against hedging and inflation.” 

 

Another important feature of this scheme is that the bank will declare daily price of Gold Coins based on the prices prevailing in the wholesale London Bullion Market. Also the bank is offering discount of 2 % to the customers purchasing 10 or more coins in bulk besides a discount of 2 % being allowed to the existing customers.  This makes the scheme highly popular and attractive for customers who wish to invest in it.