New Delhi: The government has initiated the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India in the current financial.
To be issued in six tranches by the RBI between April and September, 2020, the sovereign gold bond will provide assured return of 2.5 per cent to investors a long with appreciation in the price of the bond in line with movement of gold prices.
The bond will be on sale only in the domestic market for subscription by individuals, HUFs, Trusts, Universities and charitable institutions.
The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in six tranches from April