Government receives Rs 246 crore in gold monetisation scheme


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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