29 Feb 2020
DiamondWorld Directory
Home |
News
Home
First tranche of Sovereign Gold Bonds scheme for 2017-18 launched
Will give an opportunity to invest in gold during the forthcoming Akshay Tritiya festival
By: Diamond World News Service
|
Apr 25 2017 9:32AM
|
Reference: 15133  

DecreaseIncrease
For the Indian gold investor, the first tranche of the Sovereign Gold Bonds scheme for the year 2017-18 was launched and will give a window for gold purchases during the forthcoming Akshay Tritiya festival. The festival is celebrated by Indians to mark an auspicious beginning to the year and gold is symbolically purchased for the same.

The Sovereign Gold Bonds are being issued at Rs 2,901 per gram including Rs 50 per gram discount being offered by the government over the official price, as per reports. The subscriptions are being accepted between April 24 to 28, 2017, and bonds will be issued on May 12, 2017.

The price of each tranche was planned ot be determined basis the average of closing price of gold of 999 purity as published by the India Bullion and Jewellers Association for the week (Monday to Friday) preceding the subscription period, which worked out to Rs 2,951 per gram, reports add. The minimum subscription required is for 1 gm and not more than 500 gm per person per financial year. There is a 2.75 percent every year, allocated to the bonds, which is payable every six months on the initial investment, reports add.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 24433
GJEPC Chairman Interview
Views: 22069
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 29238
Promo for IJ Awards 2012 at NDTV Profit
Views: 42708
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 45072
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 17848
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 42992
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 41006
Advertisement
Finestar Diamonds
Advertisement
M.Tarun
Member of:
Supporter of: