Live
- Nizamabad MP Dharmapuri Arvind and Jagtial MLA Dr. Sanjay Kumar Meet CM Revanth Reddy
- Hyderabad CP CV Anand Issues Stern Warning to Bouncers
- MP Laxman Criticizes Police Conduct, Calls for Support for Victims' Families
- Fire Breaks Out in Kachiguda-Chennai Egmore Express, Passengers Evacuated Safely
- CM Revanth Reddy Condemns Attacks on Film Personalities' Homes, Calls for Strict Action
- Victory Venkatesh and Nandamuri Balakrishna to Set Screens on Fire with Unstoppable Season 4
- Over 71.81 crore Ayushman Bharat Health Account numbers generated: Centre
- In special gesture, Kuwait's Prime Minister sees-off PM Modi at airport after conclusion of historic visit
- Veer crowned PGTI Ranking champion, Shaurya wins emerging player honour
- Sr National Badminton: Unseeded Rounak Chauhan, Adarshini Shri reach singles semis
Centre rolls out 6th tranche of gold bonds
To cash in on Dhanteras buying spree, the government on Monday rolled out the sixth tranche of sovereign gold bonds.
New Delhi: To cash in on Dhanteras buying spree, the government on Monday rolled out the sixth tranche of sovereign gold bonds.
The Sovereign Gold Bond (SGB) Scheme 2019-20 - Series VI will close for subscription on the day of Dhanteras that is October 25.
According to a finance ministry statement, the government has fixed the issue price at Rs 3,835 per gram with settlement date as October 30.
Further, the government has decided to offer a discount of Rs 50 per gram for investors applying online and making payment for the purchase of the bond through digital mode.
"For such investors, the issue price of gold bond will be Rs 3,785 per gram of gold," the finance ministry said.
In view of the ongoing festive season, which ends with Diwali later this month, the government issued the previous Series V of the SGB scheme earlier this month.
The sovereign gold bond scheme was launched in November 2015 with an objective of reducing demand for physical gold and shifting a part of domestic savings, used for purchase of the yellow metal, into financial savings.
