MMTC aims to sell 700 kg of Indian Gold Coins in upcoming festive season

MMTC is aiming to sell 700 kg of Indian Gold Coins in the upcoming festive season. With prices of gold appreciating 25% since the beginning of 2016, the state-run firm has stepped up production of the national coin at the government mint in Mumbai.

The company is also leveraging the trading network of its Singapore-based fully-owned subsidiary MMTC Transnational Pte to sell the gold coins in global markets where there is a strong presence of Indian diaspora.

MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.