Finance Minister Nirmala Sitharaman on Tuesday clarified in a written answer that the government’s decision to discontinue Sovereign Gold Bonds in fiscal 2025 was due to rising borrowing costs, citing gold price volatility and global economic challenges.
Sovereign gold bonds
Israel-Iran War: Should you Invest in Gold Funds to Hedge Your Portfolio?
Israel-Iran war: Despite short-term blips, gold price has been on the rise since October 2022. The yellow metal has delivered a staggering return of 33 percent over the last one year in rupee terms, far outperforming the Nifty 50. The broader equity market index could gain only 27 percent.
Sovereign gold bonds: How a well-intentioned Scheme is Emptying the Government Coffers
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.
Centre to Issue Sovereign Gold Bonds in 6 Tranches: Issue Price, Interest Rates
The Central government has started the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India on Wednesday.
Gold’s Rally to Give Way to Biggest Jeweler Share Sale in India – Gold Silver Reports (GSR)
Gold’s record-setting rally is set to give wings to the largest initial share sale by an Indian jeweler, helping it overcome tumbling demand in the second-biggest consuming nation.
Gold Prices Reports : Govt’s Sovereign Gold Bonds Closes for Subscription Today – GSR
The latest tranche of sovereign gold bonds, which opened for subscription on Monday, closes today. In the fourth tranche of gold bonds of this fiscal, the government is selling gold at ₹4,852 per gram.
Silver MCX Today Tips – Watch 43750 to High 44049, Intraday Traders Enjoy
Silver MCX Today Tips – Watch 43750 to High 44049, Intraday Traders Enjoy.
Gold may witness some profit-taking at higher levels but overall trend looks positive, SMC Global said in a note, adding that MCX gold has support at ₹45,000 while silver has support near ₹42,500.