India is one of the major Gold importer country.Country need to spend more dollars for Gold imports which creates higher deficit. To discourage investors buying gold in physical form,Govt has come with series of Gold bonds which are being issued with time interval. Benefits of Gold Bonds: Unlike physical gold, investor will get interest on…
Details Of GOI – Sovereign Gold Bonds 2015:
Recently Govt have announced about developing a financial asset – sovereign Gold Bonds – as an alternative to purchasing Gold in physical form.Prime Minister Shri Narendra Modi will launch the Gold bond Scheme on Nov 05, 2015. Few details of Gold bonds are as follows: Basis of Gold Bond price issuance :Gold bonds will be…