Gold Bond 2nd Tranche Opens

 Gold Bond

 

Scheme aims at lowering demand for physical gold

 

After a moderate first tranche, the second tranche of sovereign gold bond scheme, aimed at reducing demand for physical gold, will open for five days next week even as the other monetisation scheme netted in 500 scheme netted in 500 kg of idle household and temple gold into government fold. The finance ministry on Wednesday said the gold bond scheme will be available for public subscription from January 18-22.

The first tranche of the scheme, which was launched in November, had got a subscription for 915.95 kg gold amounting to ` . 246 crore.

Finance minister Arun Jaitley asked CMDs of banks "to make their best efforts to reach out to potential investors to invest in the second tranche of sovereign gold bonds."

He discussed their preparedness for the launch of the second tranche via video-conferencing.

 

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