Category Archives: Indian Overseas Bank

World Precious Metals – Indian Temple Deposits Gold

By Everett Millman – Gainesville Coins ………. The government of India may have finally gotten a break regarding its attempts to monetize the country’s vast quantities of “idle” gold. While it is estimated that the public in India holds a staggering 20,000 metric tonnes of gold (or more), a considerable portion of these savings are […]

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New Indian Gold Coins Emerge on World Bullion Scene

By Joshua McMorrow-Hernandez for Coinweek ……. 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 […]

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