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Gold Outright Sale

ICICI Bank offers gold in standard bar forms on outright sale basis. Bank imports physical bullion on consignment basis from London Bullion Market Association (LBMA) accredited international bullion suppliers and sells it to customers in India on outright basis. Jewellery manufacturers and traders can avail gold in standard bar form on upfront payment basis.

Features and Benefits

Key features

Physical gold bars in standard form (LBMA good delivery)
Delivery of gold on upfront payment basis
Competitive pricing
Delivery at vault or at doorstep of the customer’s premises
Easy and immediate availability of gold at major centres

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List of basic documents (not exhaustive)

Master gold Facility Agreement
Gold Purchase Facility Application Form
Authorisation letter for fixing price
Authorisation letter for receipt/ delivery of bullion
Authorised signatory list/ specimen signatory list
Photo ID and address proof of all the authorised members
Certified true copy of PAN card

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FAQ's on Gold Outright Sale

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