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First tranche of sovereign gold bond scheme opens for subscription today

The sovereign gold bond scheme was launched in November 2015 to reduce the demand for physical gold and shift a part of the domestic savings - used for the purchase of gold - into financial savings.

Price of bond is fixed in Indian rupees on the basis of simple average of closing price of gold of 999 purity.
Published on May 17, 2021 07:19 AM IST
By | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
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