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  • News From Press Gold bonds worth 14 tonnes sold in six tranches: Govt

    Gold bonds worth 14 tonnes sold in six tranches: Govt

    Source: Business Standard Nov 19, 2016

    The government has collected 5.73 tonnes of gold under the gold monetisation scheme, launched a year ago to mobilise idle gold lying with Indian households, the finance ministry said in on Friday. But, the government did not clarify how much of it was deposited by temple trusts, how much by households and what part of it was renewal of gold deposited under a previous scheme. Data was collected up to November 14.
     
    The sovereign scheme, however, has met with more success, with six tranches or six issues of being issued so far. The total collection, the government said, came to 14.071 tonnes worth of gold, with bonds amounting to Rs 4,127 crore, being subscribed to.

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