Does Indian banks buy back the gold coins sold by them?

Hi, I am planning to buy some gold coin for investment purpose. To make sure of purity, I am planning to buy from Banks. As its investment purpose, I will be selling it after I gain handsomely / in emergency.
So does anybody know – which Indian Banks buy back the gold coins sold by them?

Seeking advice for my current ULIP investment.?


I am Ritesh from New Delhi, n i have 4 ULIP plans, details are

ICICI PruLife Life TimeStart date -20-01-2006Premium – Rs 18000/- YearlyCover – Rs 140000/-

ICICI PruLife Life Time SuperStart date- 23-10-2006Premium -Rs 9000/- Half YearlyCover – Rs 800000/-

ICICI PruLife Smart KidStart date 24-12-2007Premium Rs 20000/- YearlyCover- Rs 250000/-

LIC Profit PlusStart date 24-12-2007Premium Rs 10000/- YearlyCover – Rs 100000/-

The Total Premium paying for ULIP is Rs 66000/- and total Sum Assured is 1290000/-
Now please provide me the correct Guide Line about the future planning as well as Save Tax, My total income is around 550000/- per anum.

Ritesh Kumar