MMTC Pamp launches new gold coin ‘Tola’ : The Tribune India

Join Whatsapp Channel

MMTC Pamp launches new gold coin ‘Tola’

NEW DELHI:Ahead of Akshaya Tritiya festival, gold and silver refiner MMTC Pamp today launched new gold coin ‘Tola’ of 11.639 grams and said it would mint 0.5 million pieces of these coins in the current fiscal.



New Delhi, May 6 

Ahead of Akshaya Tritiya festival, gold and silver refiner MMTC Pamp today launched new gold coin ‘Tola’ of 11.6639 grams and said it would mint 0.5 million pieces of these coins in the current fiscal.

The ‘Tola’ is an octagonal shaped coin with distinctive knurled edges and an intricate finish with pure gold. It has the design of a traditional weighing balance and the reverse features ‘potli’ containing one hundred ratti seeds.

“For centuries, gold was measured in tola but the advent of metric system overtook this historical association. We have tried to capture the ancient wisdom and heritage in the ‘Tola’ coin,” MMTC-Pamp Managing Director Rajesh Khosla said.

The company, which already mints different designs of gold and silver coins, aims to manufacture 0.5 million pieces of ‘Tola’ coins this fiscal, he told reporters.

In its initial phase, Khosla said the ‘Tola’ coin will be available for purchase in select outlets of MMTC-Pamp outlets, Stock Holding Corporation of India (SHCIL), Indian Potash Ltd, as well as reputed jewellers in 28 cities including Chennai. PTI

Top News

'When government changes...': Rahul Gandhi after Rs 1,800 crore fresh I-T notice to Congress

'When government changes...': Rahul Gandhi after Rs 1,800 crore fresh I-T notice to Congress

The Congress leader accuses the BJP of indulging in ‘tax ter...

Chief Judicial Magistrate's court in UP's Banda orders judicial inquiry into death of gangster-politician Mukhtar Ansari

UP court orders judicial probe into gangster-politician Mukhtar Ansari’s death, seeks report in a month

Ghazipur MP Afzal Ansari on Tuesday alleged that his brother...

‘Heart attack or poisoning’: The life and times of Mukhtar Ansari—crime and politics

‘Heart attack or poisoning’: The life and times of Mukhtar Ansari—crime and politics

Eastern parts of Uttar Pradesh are among the poorest regions...

CBI files chargesheet against 20 institutes, 105 individuals in Himachal Pradesh multi-crore scholarship scam

CBI files chargesheet against 20 institutes, 105 individuals in Himachal Pradesh multi-crore scholarship scam

22 educational institutions were on CBI radar in the scholar...


Cities

View All