Dhanlaxmi Bank enters into gold retailing business

Dhanlaxmi Bank has entered into the gold retailing business with the launch of -- Dhan -- gold coins. The 24-carat gold coins will be available in a tamper-proof pack in two denominations of 5 and 10 grams at the bank’s 275 branches across the country. The launch of gold retailing marks the second phase of the bank’s bullion business.

Dhan gold coins with a purity of 99.99% will carry Assay certification, signifying highest purity of gold as per international standards. The pure gold coins will be imported from Switzerland based PAMP S A Geneva (Produits Artistiques Metaux Precieux), one of the world’s premier gold refiners.

Earlier, in June 2011, the bank rolled out its wholesale initiative - 24-carat gold bars weighing one kilogram.

Dhanlaxmi Bank is a Kerala based small sized private sector bank with its headquarters at Thrissur, Kerala.