Aimed at curbing demand for physical gold, the Centre said on Thursday that banks will launch the second tranche of the sovereign gold bond scheme on January 18.
The second tranche of the scheme will remain open till January 22, Economic Affairs Secretary Shaktikanta Das said in a tweet. “. The first tranche, which was launched in November, had got a subscription for 915.95 kg of gold amounting to ₹246 crore. Gold bonds are issued in denominations of 5 gm, 10 gm, 50 gm and 100 gm for a term of 5-7 years with a rate of interest to be calculated on the value of the metal at the time of investment.