The authorities has rolled out the sixth tranche of sovereign gold bonds. The Sovereign Gold Bond (SGB) Scheme 2019-20 – Series VI will close for subscription at the day of Dhanteras, this is October 25.
According to a Finance Ministry assertion, the authorities has constant the difficulty price at Rs 3,835 in step with gram with agreement date as October 30. Further, the government has decided to provide a reduction of Rs 50 in step with gram for traders making use of on line and making payment for the purchase of the bond through virtual mode.
“For such investors, the problem charge of gold bond might be Rs three,785 in line with gram of gold,” the finance ministry said.
The government issued the previous Series V of the SGB scheme in advance this month.
The sovereign gold bond scheme changed into released in November 2015 with an objective of decreasing demand for bodily gold and shifting a part of domestic financial savings, used for purchase of the yellow metallic, into financial savings.
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