Stock exchanges sell 500-kg gold bonds

BSE and the National Stock Exchange (NSE) have together sold gold bonds worth 500 kg through their respective platforms. NSE sold more bonds than BSE.

BSE collected Rs 49.55 crore by selling bonds of 159 kg in 3,932 bids, while NSE’s sovereign gold bond bids surpassed the Rs 100-crore mark.

NSE received 341 kg worth of subscription bids for the fourth tranche of sovereign gold bond scheme, through its distribution network.

Bids were received during the five-day window that ended on July 22. The bonds were issued by the Reserve Bank of India (RBI) on behalf of the Centre. Initial estimates show total collection is worth Rs 106.5 crore. These numbers are, however,  subject to verification by RBI. NSE said it received around 8,000 applications.

Earlier, RBI had appointed NSE and BSE as receiving office for collecting subscription bids from investors.

Bonds were issued at Rs 3,119 per gramme of gold.

NSE said its online mutual fund platform, NMF II, was also customised to ensure mutual fund distributors were able to participate in the programme. NSE received about 20 kg worth of bids from this mode alone.