Mangalore : New Lakshmi Golds Palace, a unit of Lakshmi Gold Khazaana Pvt Ltd will open its outlet at KS Rao Road, Kodialbail, Mangalore on Aug 25, Saturday at 12 pm, said K.P. Nanjundi, President of Vishwakarma Samaj and proprietor of Lakshmi Gold Palace.

He was speaking at the press meet held at Hotel Ocean Pearl on Aug 23, Thursday and said that Lakshmi Golds Palace is opening its 5th branch in Mangalore.

AICC president Oscar Fernandes will inaugurate the outlet comprising of three stores including Lakshmi Golds Palace, Lakshmi Silk Palace and Lakshmi Gold Loan.

Dr G Parameshwar, KPCC president will be the chief guest. He said that the person who is only launching the jewellery store to show off with false assurance, without having any knowledge on gold, will lose their existence soon and I am happy to have the knowledge on the gold and the customer’s choice.

Mr. Nanjundi said Lakshmi Gold Palace had business transaction worth Rs. 200 crore during the last financial year and during the current fiscal it is expected to touch Rs. 300 crore. Lakshmi Golds Palace have established 3 outlets in Bangalore and Hubli and will launch 13 shop in other districts too.I always aim to give good quality gold and not cheat the customers for the profit.

The jewellery has given 128 cars have been given to the customers in the form of lucky coupons picked up by the blind children. The store also gives Rs 60 discount on the purchase of one gram. The workers and staffs including chief manager are been recruited SSLC passed aspirants from DK itself. The establ;ishment of new outlet costs Rs 75 crore.

He said attractive gold ornaments and silver products made by artisans of Kolkatta, Chennai and Bangalore would be available at the outlet and the customers are free to check the quality of the gold using the advanced gold purity testing equipment at the outlet.