Auction of Gold Ornaments Pledged at Mobilink Bank Chunian Branch

Mobilink Bank Chunian Branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. This auction is a recovery measure to recoup outstanding financed amounts along with markup. The auction will take place at the Chunian branch on 28-07-2026 at 11:00 AM. Items being procured: - 1 Haar gold ornament weighing 14.3 grams pledged by Muhammad Waris residing at House No. 21, Mohalla Keeker, Keene, Gujranwala - 1 Kanthi and 2 Kante gold ornaments weighing 17.5 grams pledged by Muhammad Javed residing at P.O. Chunian, Tehsil Chunian, District Kasur The technical scope involves the auctioning of pledged gold ornaments held as collateral. The bank will sell these items to recover the outstanding dues. Bidders should be aware that these are used gold items with specific weights and types as listed. Eligibility to participate in the auction typically requires registration with the bank or auction authority and compliance with auction terms. The auction date is fixed for 28th July 2026 at 11:00 AM, with the notice emphasizing that payment of the entire outstanding amount plus markup must be made within one day of publication to avoid auction. Interested bidders should prepare their earnest money and ensure timely participation. A practical tip for bidders is to verify the purity and authenticity of the gold ornaments before bidding and to arrange for immediate payment if successful, as the bank will not entertain further notices once the auction is announced. This ensures smooth transaction and avoids legal complications.