Gold Coin, a new investment instrument of the National Bank, is now available in Tabys mobile application, offering investors a convenient and innovative way to invest in gold.
One Gold Coin equals 1/20 troy ounce of gold. Its value depends on the London Bullion Market Association (LBMA) price and the tenge-to-dollar exchange rate on the day before the transaction. Upon accumulating twenty units of Gold Coin, it can be exchanged for a physical ÚKI gold investment coin at the National Bank branches.
The ÚKI investment coin is made of high-purity gold (Au 999.9), has a nominal value of 100 tenge, and weighs 31.1 grams (1 troy ounce).
“We continue to expand our product line and offer innovative solutions for savings and investment. One such solution is the ability to purchase a gold investment coin in fractions. Now, Tabys users can buy, sell, and even gift Gold Coin online,” said Zharas Musabekov, AIX CFO.