Latest News
-
Tesla Announces Layoffs Of 14,000 Employees: Senior Executives Depart Amidst Sales Slump; Details -
Vodafone Idea FPO: 10 Things Investors Should Know -
Bank of Baroda Scandal: Finance Ministry Mulls Stricter Measures To Combat Cyber Fraud; Report -
India Adopts Cautious Approach Amid Iran-Israel Conflict -
Fly For As Low As Rs 150 On Regional Connectivity Scheme Routes? -
Trade Setup: Global Tensions, Domestic Uncertainty Weigh On Market; Sensex & Nifty Likely To Plummet -
Stocks To Watch: M&M, HAL, ZEEL, TCS, Thermax, Bharti Airtel, Cipla & More -
Government Raises Windfall Tax On Petroleum Crude By 41% Effective April 16 -
Trade Call: 2 Buy/Sell Stock Picks By Sumeet Bagadia On Tuesday, 16th April -
Stock Market Live Updates: Indian Market Maintain Downward Flow; Sensex Falls 325 Points, Nifty 0.34% Red
Sovereign Gold Bonds Attract Rs 6,030 Crore On First Day
The Reserve Bank of India, in consultation with the Government of India, has issued nine tranches of Sovereign Gold Bonds for a total value of Rs 6,030 crore till date.
The Reserve Bank on Tuesday said Sovereign Gold Bonds have attracted investment worth Rs 6,030 crore so far.
The government launched the scheme 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. So far, the bonds have been issued in nine tranches.
"The Reserve Bank of India, in consultation with the Government of India, has issued nine tranches of Sovereign Gold Bonds for a total value of Rs 6,030 crore till date," the central bank said in a statement. New Tranche Of Sovereign Gold Bonds Opens On July 10: All You Need To Know
The investment was Rs 5,400 crore in eight tranches. The applications for the latest tranche were accepted from July 10-14, 2017 and bonds were issued on July 28.
Investors in these bonds have the option of holding them in physical or dematerialised form.
Goodreturns.in
