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Gold bond scheme closes today as prices rise to near record highs

China Usa economy Government Coronavirus
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The second tranche of gold bonds of this fiscal year (2020-21), which opened on Monday, will close for subscription today. It has come at a time when gold prices are seeing renewed strength on expectations of further stimulus to combat the impact of coronavirus on economies and fresh US-China tensions.

On MCX, gold futures edged higher to ₹46,792 per 10 gram, not far from record highs of ₹47,327 per 10 gram, hit last month. The issue price of the latest gold bond scheme has been fixed at 4,590 per gram while the issue date is May 19.

Those applying online and making payment through digital mode will get a discount of ₹50 per gram. For such investors, the issue price of bond will be ₹4,540 per gram of gold.

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Czech Republic

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