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Bullion India plans expanding Business Associate network
Enabling more people to own gold and silver bars in small denominations at the lowest prices
By: Diamond World News Service
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Apr 5 2013 5:14PM
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Reference: 7714  

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Bullion India a platform which helps invest in gold and silver in a simpler and affordable manner, is expanding this concept in Maharashtra and Gujarat, by launching a Business Associate network initiative to partner it and change the way people invest in these precious metals. Following a good response in the State within months of launch, Bullion India and its Business Associate network comprising jewelers, brokers and financial planners/ advisors will help more people buy small quantities of pure physical gold and silver at the lowest possible price with the option of door-step deliveries or free storage.

Bullion India, a unique venture by RiddiSiddhi Bullions Limited (RSBL), NCDEX Spot Ltd.,and Finkurve Financial Services Limited, charges no commission or brokerage to the end clients. The bars are 24 Carat Pure, compliance with international standards, are stored with professional security agency vaults with complete security and full insurance. Bullion India has also launched the first-of-its-kind Gold Index and Silver Index (GSI) data to provide indicative returns of physical gold and silver vis-a-vis S & P CNX Nifty (NSE).

Mr. Ketan Kothari, Executive Director, Bullion India, said, “Bullion India is the best platform through which retail customers can own gold and silver bars in small denominations at the lowest prices. This is ideal for those who want to invest in the physical form because they can buy, sell, hold and redeem these bars in a simple, easy and a convenient manner along with several advantages such as no storage fee, free insurance, no account opening charges and no brokerage. We want to expand our Business Associate network to explain these benefits to people; help them keep a track of their investments on the live wholesale prices displayed on the web trader; and assist them to access account information/ trading history as and when required.”

Mr. Sachin Kothari, Executive Director, Bullion India, added, “There is no single pan India brand providing gold and silver coins at the real prices. Bullion India is the only medium that enables a retail client to purchase gold and silver online and still use them physically whenever they need them”.

Amongst the various advantages, Bullion India has highlighted some key ones being availability of even 0.1 gram (100 milligrams) of gold and 1 gram of silver for purchase, gold and silver is sold at wholesale market prices, purity assurance as only imported and minted bars approved under London Good Delivery Rules are purchased, amongst others. The online transactions on www.BullionIndia.in allow online transactions to be carried out in a secured and encrypted environment and at quick pace. Gold bars are available in 1gm, 5gms and 10gms of 24 karat 99.5% purity and silver bars in 10gms, 20gms, 50gms and 100 gms of 24 karat 99.9% purity.

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