News From Press Future of sovereign gold bond scheme to be decided next month

Future of sovereign gold bond scheme to be decided next month

Source: Business Today Aug 2, 2024

Government officials told Business Today TV that no decision has been made to end the sovereign gold bond (SGB) scheme. The future of the scheme will be discussed in a meeting in September 2024, coinciding with the RBI’s borrowing calendar meeting.

This discussion will be crucial in determining the trajectory of the SGB scheme, which has been a significant part of the government's strategy to mobilize funds and reduce the physical demand for gold.

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