Bidding For The Lord’s Treasures
April 13, 2013 Leave a comment
Here is some news of interest to all devotees of Lord Venkateswara and bullion lovers in general:
The Tirumala Tirupati Devasthanams is planning on e-auctioning the gold and silver ornaments from its hundis in collaboration with MSTC. It has already sorted the first lot of gold and silver jewellery for e-auction, got MMTC India to certify its purity, and has formed a committee of IAS and IPS officers to fix the floor price. The first e-auction is expected to rake in Rs 15 crore.
For each transaction, MSTC is to earn a service charge of 2-2.5% of sales.
If you are interested,watch the TTD and MSTC website.