The first tranche of sovereign gold bonds issued last November, are trading at a huge premium to their issue price, quoting at the price prevailing in the spot market here.
The earlier expectation was that the bonds would trade at a discount to the market price, as the segment might not be so liquid.
The first tranche of bonds, issued last November at Rs 2,684 per gramme, opened on Monday at the BSE at Rs 2,986 and closed at Rs 3,180 a gm, almost seven per cent higher than the opening price, with 375 gms volumes in 29 trades.
Over 20% Return in 6 Months! Are Gold Mutual Funds The Right Investment Option?
Read More
