Sovereign Gold Bond Scheme Current Affairs, GK & News

How helpful is Sovereign Gold Bond scheme in decreasing India’s Gold import?

India is country where since time immemorial people especially women have been highly fascinated towards gold, be it wearing in the form of jewellery or storing it in the house as an asset which can be used in the form of rescue during the time of crisis. This huge craze for gold had made us ..

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Centre fixes price for Sovereign Gold Bonds at Rs.3,443 per gram

Government of India has fixed the price at Rs.3,443 per gram for the new series of Sovereign Gold Bonds (SGBs) opening July 8. Key Highlights Union Finance Ministry recently announced that Centre in consultation with Reserve Bank of India (RBI) has decided to allow a discount of Rs.50 per gram from issue price to those ..

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Government launches first tranche of Sovereign gold bonds for FY19

The Union Government (Finance Ministry) in consultation withReserve Bank of India (RBI) has launched first tranche of sovereign gold bonds (SGBs) for current fiscal (FY 2018-19). It will be sold through banks, designated post offices and recognised stock exchanges namely NSE and BSE and Stock Holding Corporation of India Limited (SHCIL). Background Households in India ..

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Sovereign Gold Bond / Gold Monetization Schemes

The government of India had launched two gold schemes in November, 2015 to reduce the demand for physical gold and shift the part of gold to financial savings; thus helping address country’s Current Account Deficit and fiscal deficit to some extent. After two years, it is found that the schemes have not done well. Here ..

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Fourth tranche of Sovereign Gold Bond scheme opened for subscription

The fourth tranche of the Sovereign Gold Bonds (SGB) scheme opened for subscription. SGB is government securities denominated in grams of gold. It offers an alternative to holding gold in physical form. The scheme was launched by the Union Government in October 2015. Government has fixed 3,119 Rupees per gram as the issue price for ..

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