Auction of Gold Ornaments at Mobilink Bank Fort Abbas Branch

Mobilink Bank Fort Abbas Branch is conducting an auction of gold ornaments due to non-payment of outstanding financed amounts by a customer. The auction is scheduled for 29-06-2026 at 10:00 AM. The gold items include 2 kanty and 1 ring with a total weight of 8.7 grams. This auction is a result of the customer's failure to repay the finance extended by Mobilink Bank along with the markup. The auction is specific to the Fort Abbas branch and involves the sale of pledged gold as security against finance facilities. Interested bidders should note that the gold items are secured deposits from a customer who defaulted on payment. The auction provides an opportunity for suppliers and buyers in the region to acquire gold ornaments through a transparent process. Eligibility to participate typically requires registration with the bank or auction authority, and bidders should ensure they meet any local regulatory requirements. The auction date is fixed, and all interested parties must be prepared to attend on time. The submission of earnest money or CDR is not explicitly mentioned but bidders should confirm requirements with the branch. The key date to remember is the auction date, 29th June 2026, at 10:00 AM at the Fort Abbas branch. Bidders should visit the branch or contact Mobilink Bank for further details and to verify auction terms. It is advisable to inspect the gold items beforehand if possible. A practical tip for bidders is to carefully review the auction terms and ensure timely presence at the venue. Missing the auction time may forfeit the chance to bid. Also, understanding the markup and outstanding dues can help in making informed bids. Mobilink Bank's Fort Abbas branch is the point of contact for all queries and submissions.