The Central Government recently approved several amendments to the Indian Gold Coin Scheme. The change in rules is expected to popularize Indian Gold Coins and make them directly available to buyers.

The Central Government recently approved several amendments to the Indian Gold Coin Scheme. The change in rules is expected to popularise Indian Gold Coins and make them directly available to buyers through multiple marketing channels, including online e-commerce platform and through MMTC, jewellers, banks, India Post etc.

The Government has allowed the Security Printing and Minting Corporation of India (SPMCIL) to mint Indian Gold Coin (IGC) in smaller denominations of 1 gram and 2 grams. Before the amendment, IGC was minted in denominations of 5, 10 and 20 grams only.

Indian Gold Coin was first launched by Prime Minister Narendra Modi on 5th November 2015 with an aim of reducing the import of foreign minted gold bullion or coins. The scheme is currently being implemented by MMTC with IGCs minted by SPMCIL.

Indian Gold Coin is the first-ever national Gold Coin with advanced security features. It is also the only BIS hallmarked Gold coin in India.