InvestorQ : How has been the response to sovereign gold bonds in the last on year?
Deepa Salunkhe made post

How has been the response to sovereign gold bonds in the last on year?

Answer
image
Arya Nanda answered.
3 weeks ago
Follow

A total sum of Rs.25,702 crore was collected through the issue of Sovereign Gold Bonds since its inception in Nov-15 till Mar-21. The idea of the sovereign gold bonds or SGBs was to cut demand for physical gold and shift part of gold allocation to investment format. In FY21, there were 12 tranches of SGBs collecting Rs.16,049 crore equivalent to physical gold of 32.35 tonnes. In FY22, the government has already announced 6 tranches in the first half.

2 Views