Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
Indian Gold Book:Indian Gold Book - Gold Bars Worldwide
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PUBLIC SECTOR UNDERTAKINGS<br />
BRANCHES<br />
The 4 PSU’s combined offer gold-related services through 38 branches in 18 cities.<br />
MMTC has 17 <strong>Gold</strong> Cells. STC, HHEC and PEC have 7 each. 40% of the branches are located in the South region.<br />
Region <strong>Gold</strong> Cells * Cities covered<br />
South 15 7<br />
West 10 3<br />
North 8 5<br />
East 5 3<br />
Total 38 18<br />
* Excludes <strong>Gold</strong> Cells established in Haryana in 2002.<br />
SUMMARY OF GOLD CELL SERVICES<br />
Some PSU’s are more active than others. MMTC is the only PSU to loan gold to domestic market entities and jewellery<br />
exporters.<br />
Public Sector <strong>Gold</strong> Cell <strong>Gold</strong> Cell Bullion Letters <strong>Gold</strong> loans <strong>Gold</strong> loans<br />
Undertakings HQ branches wholesaling of Credit Domestic Exporters<br />
MMTC New Delhi 17 100 TT’s No Yes Yes<br />
HHEC New Delhi 7 200 TT’s 200 TT’s No No<br />
PEC New Delhi 7 100 TT’s 400 TT’s No No<br />
STC New Delhi 7 200 TT’s 200 TT’s No In planning<br />
MMTC, the largest PSU importer of gold bullion, has its headquarters in New Delhi.<br />
AN INTRODUCTION TO THE INDIAN GOLD MARKET 73