Reserve Bank has permitted banks to sell India Gold Coins (IGC) with Ashok Chakra minted by Metals and Minerals Trading Corporation of India (MMTC) through their branches. In a notification issued yesterday, the RBI said, it has been decided to allow designated banks to sell the IGCs manufactured by MMTC. It said that the terms and conditions shall be as per the contract between the designated bank and MMTC. MMTC has stated that the gold used for the IGC will be only that mobilised domestically under the existing Gold Deposit Scheme (GDS) and Gold Monetization Scheme (GMS). Coins are available in denominations of 5 and 10 grams while a 20 gram bullion is also being manufactured by MMTC.