Gold Outright Sale

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.

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Key features

Key features

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

Documentation


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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