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The issue price is the average closing price of 999 purity gold from the last 3 business days before the subscription period, as published by the India Bullion and Jewelers Association Limited (IBJA). The redemption price, for both early and maturity redemptions, is the average closing price from the 3 business days before repayment. [12]
English: This chart shows the nominal price of gold along with the price in 1971 and 2011 dollars (adjusted based on the consumer price index). The historical gold price was obtained from www.igolder.com; CPI was obtained from www.rateinflation.com. The data is in section Chart Data.
The Gold (Control) Act, 1968 is a repealed Act of the Parliament of India which was enacted to control sale and holding of gold in personal possession. High demand for gold in India with negligible indigenous production results in gold imports, leading to drastic devaluation of the Indian rupee and depletion of foreign exchange reserves to alarming levels.
Hyderabad, Mumbai and Kolkata mints have gold assaying facilities and the Mumbai mint produces standardized weights and measures. Mumbai Mint has a state-of-the-art gold refining facility up to 999.9. Hyderabad Mint has electrolytic silver refining facility up to 999.9. Commemorative coins are made at Mumbai and Kolkata.
It was last minted in British India in 1918, but some princely states continued to issue the coins until their accession to India after 1947. Similar coins were also issued by the British authorities in denominations of 2 ⁄ 3 mohur (10 rupees), 1 ⁄ 3 mohur (5 rupees) and the double mohur (30 rupees), and some of the princely states issued ...
Bengaluru houses several of top-tier colleges including the Indian Institute of Management, Bangalore (IIMB), a top management Institute in India, the Indian Statistical Institute (ISI), the Indian Institute of Science (IISc), the Indian Institute of Astrophysics, the National Law School (NLSIU), The Indian Institute of Theoretical Sciences, National Institute of Design (NID), the Indian ...
Shirpur Gold Refinery is India's first refinery headquartered in Mumbai. It is a green field precious metal refinery with installed capacity to refine 217 MT p.a. of gold and silver respectively in Shirpur and Dhule in the state of Maharashtra . [ 2 ]
The 48th year Rangoli competition was sponsored by Sri Sai Gold Palace. Success of the 48th year Rangrang Rangoli Utsava encouraged the Sangha to arrange the same in its 50th year also. The first phase, arranged on 19 August 2012 on Malleshwaram 8th Cross, Margosa Road and Malleshwaram Play Ground, had 359 contestants.