State Bank of India (SBI), the largest Bank in India offers attractive Gold coins for personal investment for their customers. Similar to SBH Gold coins, SBI only sells the Gold coins but does not buy the coins back. SBI Offers Gold coins of the following denominations:
2 gm, 4 gm, 5 gm, 8 gm, 10 gm, 20 gm and 50 gms.
Up to 10 gms, Gold is sold in the form of Coins, while for larger weights like 20 gms and 50 gms, it’ll be sold in the form if rectangular shape, call them Gold Biscuit.
All Gold coins/ Biscuits come with at most quality assurance and are 999.99 pure with Assay certification and are packed in a tamper proof package.
Prices of these coins and Biscuits depend on the daily trade rate of Gold in the markets. As on the day writing this article (27 October 2010), the prices are as follow:
2 gm Coin: Rs.4320
4 gm Coin: Rs.8480
5 gm Coin: Rs.10655
10 gm Coin: Rs.21165
20 gm Coin: Rs.41820
50 gm Coin: Rs.103740
Please note that not all Branches of SBI offer gold Coins. Please contact these SBI Toll free numbers to know which Branch offers Gold coins in your State/ City.