The sovereign gold bond was conceptualised as an instrument which could kill two birds with one stone. It would partially satisfy Indian investors’ demand for gold, which has to be imported, and help fund the central government’s borrowing needs at a low interest rate.
SGB gold
GOLD ALERT : Government Announces Gold Bond Scheme: Important Dates, Eligibility And Other Details
The government on Monday said it would issue gold bonds every month from October to February next year. The issuance of gold bonds will be under the SGB or Sovereign Gold Bonds scheme 2018-19, the Ministry of Finance said in a statement.