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The tenor of the bonds is for a period of 8 years with an exit option after the fifth year to be exercised on the next interest payment dates
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Usually, 30-40 tonnes of gold is sold on the auspicious occasion of Akshaya Tritiya, but this time sales were not likely to reach even 1 tonne.
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In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline sales have been badly impacted
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This year, the SGB scheme will be issued in six tranches between May and September
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Usually, 30-40 tonne gold is sold on the auspicious occasion of Akshaya Tritiya. However, this time sales are not likely to reach even 1 tonne
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Amid the pandemic-induced lockdowns, gold retail outlets from across the country are nudging customers to buy gold and jewellery online
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Investors must keep in mind that all gold-linked investment avenues may not provide the same level of liquidity such as physical gold
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With DigiGold, Airtel Payments Bank's savings account customers can invest in 24K gold using the Airtel Thanks app
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The price of gold again surging ahead to almost Rs 50,000/10gms.
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Gold prices have traded under pressure on firm dollar and rebound in US bond yields