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The decision comes amid rising gold prices, and stakeholder consultations on the proposal are expected to be completed soon.

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Unlike traditional gold coins or bars, which are often sold as full ounces, fractional gold coins are minted in smaller sizes, such as 1/10th, 1/4th or 1/2th ounces.

Myth #6: Gold bars and coins are hard to sell. Gold bars and coins are globally accepted as a currency and are always in demand, which makes them highly liquid assets.