RELIANCE  SUSPENDED SALE OF GOLD COINS THROUGH INDIA POST::-

Reliance Capital, on Friday, said it had decided to suspend sale of gold in physical form, including supply of gold coins for sale through India Post, and also as an investment product, across all its businesses and subsidiaries. Reliance Gold Fund is having an assets under management (AUM) of around Rs.3,000 crore. Reliance Money is the largest distributor of gold coins through its tie-up with India Post.In addition, it said, Reliance Capital’s Commercial Finance Division had decided to suspend financing against gold as a security.  Stock from Post offices has been taken back by the reliance but official circular is not received in this regard. // main  source THE  HINDU 21.06.13//