GoldQuest International, a gold numismatics company, has sought the permission of the Reserve Bank of India (RBI) to mint legal tender coins in gold for collectibles market. He company already mints legal tender coins of the Kingdom of Bhutan in gold as collectibles. In India, presently no private mint is allowed to mint the legal tender coins in gold. Currently, the company sells only gold medallion collectibles in India. It is planning to widen its range of products including legal tender coins and watches. The company will also lower its entry level product range to begin with 530 dollars as against the international 800 dollars to make it more affordable.
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