Saturday, 27 August 2016

RBI has said sovereign gold bonds can be traded on stock exchanges from Monday : 26 Aug 2016

sovereign gold bonds
The Reserve Bank has said sovereign gold bonds issued in February and March can be traded on stock exchanges from Monday.

SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India.


Govt gives nod to sovereign Gold bond scheme


Sovereign gold bonds (issued on February 8, 2016 and March 29, 2016) held in dematerialised form shall be eligible for trading on the stock exchanges... from August 29, 2016 (Monday),” the central bank said in a statement.

  • Aimed at providing an alternative to buying physical gold, the gold bond scheme offers investors a choice to buy bonds worth 2 grams of gold going up to a maximum of 500 grams.
  • Tenure of the bond is eight years with an exit option from 5th year to be exercised on the interest payment dates.
  • Minimum investment in the bond is 2 grams with a maximum buying limit of 500 grams per person per fiscal year (April—March). 

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil