gold bond

gold bond News

CCEA decision: Cap for annual sovereign gold bond subscriptions raised

To improve liquidity and tradability of the gold bonds, appropriate market making initiatives will be devised. Market makers could be commercial banks or any other public sector entity, such as MMTC or any other entity as decided by the government, according to the statement.

Sovereign gold bond: Scheme to open on Nov 5, will offer 2.75% interest

Programme to offer bonds worth 2 gms of gold, up to a maximum of 500 gms


Explaining the ABC of gold bonds

Gold bonds are free from issues like making changes and purity in the case of gold in jewellery form

Gold monetisation: Deposits above threshold to attract penalties

Gold above prescribed threshold ‘need not be seized by tax authorities, but the tax penalties, as applicable will be levied’: FinMin.

Curbing physical gold: Centre’s new schemes to offer 2-3% interest

Returns much higher than 1999 scheme that offered 0.75% & 1% on terms between three and five years.

Sovereign bond: The new gold standard

The interest component of the Centre's new schemes give them an edge over other gold investing instruments, making them the most lucrative within the asset class.


Cabinet clears GOLD schemes: I-T Act to be amended for tax benefits under bond scheme

The move follows an announcement in the 2015-16 Union Budget to curb gold imports that led to the current account deficit ballooning to 4.7 per cent of the GDP in FY13.