MUMBAI: The sixth tranche of the sovereign gold bond scheme will open from Monday October 24 to November 2. As per the finance ministry circular, the issue price wil be Rs 50 a gram less than the nominal value. The investment allocation should move to gold bonds , as the advantages are far higher than buying physical gold, ” says Amol Joshi, Founder, Plan Rupee. The gold bond gives you the benefit of gold price investment, but you never. The government mobilized close to Rs 1900 crore from the last two tranches of gold bonds.

Source: Economic Times October 23, 2016 16:07 UTC