Gold bonds News
The Sovereign Gold Bond Scheme 2021-22 - Series X will be open for subscription for the period from February 28 to March 4.
The issue price for Series IX, which was open for subscription during January 10 - 14, was Rs 4,786 per gram of gold.
The issue will be open till October 29.
The settlement date has been set at November 2.
The RBI has fixed the issue price at Rs 4,765 per gram of gold.
Row over Prithviraj Chavan's statement on trusts' gold, Watch the video to know more.
Sovereign gold bonds (SGBs) worth Rs 5,400 crore have been issued in eight tranches till date, the Reserve Bank of India said on Friday.
The issue price of the bond had been fixed at Rs 2,957 per gram of gold.
The government will launch the sixth tranche of Sovereign Gold Bonds (SGB) scheme on October 24, in which people can buy securities worth up to 500 grams.
Gold continued to slide for the second straight day on Saturday as prices fell by Rs 50 to Rs 30,250 per 10 grams at the bullion market, tracking a weak global trend amid tepid demand from jewellers.
The government expects to mobilise more than Rs 820 crore from the fifth tranche of Sovereign Gold Bond (SGB) scheme, and the next tranche will be launched with more attractive features before Diwali.
Riding on firm global trends and increased buying by jewellers at domestic spot market, gold prices advanced by Rs 30 to trade at Rs 31,000 per ten grams, while silver prices soared Rs 800 to Rs 45,900 per kg at the bullion market on Saturday.
The 5th tranche of Sovereign Gold Bonds will open for nine days from September 1, through which the government aims to attract a large number of investors to curb the demand for physical gold.
In comparison to the second tranche, the third tranche of sovereign gold bond (SGB) scheme has received a very silent response
Gold edged up on Friday with the market on track to end the week on a firmer note as the dollar hovered near its lowest in five months, pressured by the Federal Reserve`s plan to make fewer-than-expected interest rate hikes
Gold hit its highest in more than a year on Friday, extending the previous day's 2 percent rally as oil prices declined and the dollar softened, while traders awaited a closely watched payrolls report from the United States
The second tranche of sovereign gold bonds and the pricing has been made more attractive as compared to the first tranche when the issue price was Rs 2,684 per gram.
Aimed at curbing demand for physical gold, the government on Thursday said banks will launch the second tranche of the sovereign gold bond scheme on January 18.
Reserve Bank has fixed the public issue price at Rs 2,684 per gram for the sovereign gold bonds, for which applications will be accepted from November 5 to 20.
The Sovereign Gold Bond Scheme (SGBS) may address pure investment demand for the yellow metal and is easy to implement relative to the gold monetisation scheme, the India Ratings report said.
The gold bond scheme will offer investors a choice to buy bonds worth 2 grams of gold.
Loading...