Prospective bidders, who intend to subscribe to the scheme, can bid for a minimum of 1 gm of gold at Rs 4,732 per gram against Rs 4,790 per gram for the previous tranche. There will be a Rs 50 discount for prospective investors that will bid online. The issue closes on Friday, September 3. The Certificate of Bond(s) will be issued on September 7.

First published here: Sovereign gold bond issue opens on Monday; should you subscribe?

​The scheme was launched by the government in 2015 with an intention to put the idle gold stored by individuals in their homes and bank lockers to productive use. However, the scheme did not find many takers -one of the main reasons being what happens to the gold you deposit with the bank.

First published here: What happens to your gold jewellery in gold monetization scheme?

​The scheme was launched by the government in 2015 with an intention to put the idle gold stored by individuals in their homes and bank lockers to productive use. However, the scheme did not find many takers -one of the main reasons being what happens to the gold you deposit with the bank.

First published here: What happens to your gold jewellery in gold monetization scheme?

Precious metals rallied Friday, lifting platinum to a win on the week and boosting weekly gains for gold, silver and palladium. Silver snapped a long streak of weekly losses that had cut prices by...

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First published here: Gold Ends Week Near 4-Week High; Silver Scores First Weekly Gain in Four Weeks

Fragments of Levi jeans from the 1880s soared to $10,312, two period photos of the surrender of Geronimo in Arizona in the 1880s brought $5,125, and a circa 1838 one-dollar gold coin struck in North...

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First published here: Holabird’s August Western Americana Auction Highlights

Gold ended slightly ahead on Thursday while silver, platinum and palladium declined. Gold’s gain was its fourth in five sessions. Gold for December delivery added $4.20, or 0.2%, to settle at...

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First published here: Gold Posts Fourth Increase in Five Sessions on Thursday, Aug. 26