Sovereign Gold Bond Scheme

News:The Government of India in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds. Facts: The Sovereign Gold Bond Scheme was introduced in 2015.They are government securities denominated in grams of gold. Aim: To reduce the demand for physical gold and shift a part of the domestic savings used for… Continue reading Sovereign Gold Bond Scheme

Sovereign Gold Bond Scheme

News:Government of India in consultation with the Reserve Bank of India has decided to issue Sovereign Gold Bonds. Facts: About the scheme: Sovereign Gold Bonds are government securities denominated in grams of gold.They are substitutes for holding physical gold. The scheme was launched in November 2015 to reduce the demand for physical gold and shift… Continue reading Sovereign Gold Bond Scheme