“The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds.
The second tranche of Sovereign Gold Bond will be open for subscriptions from May 24 to May 28.
The bonds will be issued by Reserve Bank of India on behalf of the central government.
The gold bonds will be denominated in multiples of gram and 20 kg for trusts and similar entities.
The Sovereign Gold Bond will provide an assured return of 2.50% per annum payable semi-annually on the nominal value.