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Government receives Rs 246 crore in gold monetisation scheme

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Government today said Gold Bond scheme got overwhelming response from retail investors with 63,000 applications amounting to Rs 246 crore, while the gold monetisation scheme, which has so far witnessed a “slow response”, has been tweaked.

On gold bond scheme, a Finance Ministry statement said: “This scheme saw an overwhelming response from the investors throughout the country and initial figures show that about 63,000 applications were received for a total of Rs 246.20 crore by banks and post offices for 917 kg of gold.”

The first tranche of Sovereign Gold Bond, which was issued by the RBI between November 5-20 through banks and post offices, saw “overwhelming response” from retail investors.

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