NEW DELHI: Aimed at curbing demand for physical gold, the Government today said banks will launch the second tranche of the sovereign gold bond scheme on January 18.
The second tranche of gold bond scheme will remain open till January 22, Economic Affairs Secretary Shaktikanta Das said in a tweet.
“Next issue of gold bonds will be open from January 18 to January 22. Conference with bank CMDs held today,” Das said.
The first tranche of gold bond scheme, which was launched in November, had got subscription for 915.95 kg of gold amounting to Rs 246 crore.
The gold bonds are issued in denominations of 5 grams, 10 grams, 50 grams and 100 grams for a term of 5-7 years with a rate of interest to be calculated on the value of the metal at the time of investment.
The Gold Bond Scheme will have an annual cap of 500 grams per person. (AGENCIES)
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