Auction of Gold Ornaments by Mobilink Bank Ranipur Branch

Mobilink Bank Ranipur Branch is conducting an auction of gold ornaments due to customers' failure to repay finance facilities extended against pledged gold deposits. This auction is scheduled for 31-07-2026 at 10:00 AM under Branch Code 4005. The auction involves gold items pledged by customers who have defaulted on their payments. Items being procured: - 4 Earrings (4.5 GM) pledged by Ghulam Ali - 4 Jhumkay (6 GM) pledged by Zakir Ali - 2 Chains, 2 Lockets, 3 Rings, 2 Tops, 4 Jhalay, 2 Necklaces (37.5 GM) pledged by Ahtaz Ali - 1 Chain with Locket, 4 Bally (7.5 GM) pledged by Saima Khatoon - 2 Jhumkay, 1 Nath (5 GM) pledged by Rukhsana W/O Irfan Ali The auction covers gold ornaments of various types and weights, located in Khairpur district including villages and tehsils such as Village Kenghar, Goth Watnil, and Mohalla Ahmadpur. The bank is auctioning these items to recover outstanding financed amounts along with markup. The auction site is the Mobilink Bank Ranipur Branch. Interested bidders should note that the auction is a direct sale of pledged gold items. No technical or financial bid process applies here, but bidders must be prepared to pay immediately upon winning. The auction is a one-day event, and no further public notices will be issued for these items. This auction is open to all interested parties. No PEC category or FBR registration is required as this is a direct auction of movable assets. Bidders should ensure they attend the auction on time and bring valid identification. The auction date is fixed for 31st July 2026 at 10:00 AM at the Mobilink Bank Ranipur Branch. Bidders are advised to inspect the items beforehand if possible and be ready with payment arrangements. A practical tip for bidders: Arrive early to inspect the gold items carefully and clarify any doubts with the bank officials before bidding. Immediate payment is usually required, so prepare your finances accordingly to avoid losing the auction.