Fifth tranche of Sovereign Gold Bonds from Sept 1

Fifth tranche of Sovereign Gold Bonds from Sept 1

FPJ BureauUpdated: Thursday, May 30, 2019, 12:59 PM IST
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New Delhi : 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. “Applications for the bonds will be accepted from September 01, 2016 to September 09, 2016. The Bonds will be issued on September 23, 2016,” the Finance Ministry said in a statement.

The Sovereign Gold Bonds (SGBs) will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognised stock exchanges — NSE and BSE. As government securities denominated in grams of gold, SGBs offer an alternative to holding gold in physical form.

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