Next tranche of sovereign gold bonds scheme from Nov 5
The government will launch the next tranche of sovereign gold bonds scheme on November 5. "The issue price of the bond during this subscription period i.E. November 5-9, 2018, shall be Rs 3,183 per gram with settlement on November 13, 2018, as also published by RBI in the Press Release dated October 12, 2018," an official statement from the Finance Ministry said.
The sovereign gold bond scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings - used for the purchase of gold - into financial savings. Image source: Reuters