Govt to launch sovereign gold bond scheme on Oct 9

Discount restricted; higher quantity investment allowed

The government on Friday announced the issue of Sovereign Gold Bonds 2017-18 series-III, first time after the liberalisation of SGB schemes in July 2017. While the 2.5 per cent interest rate was retained, the pricing formula was re-aligned with the market price and the bonds’ tenure was expanded, as against the previously followed practice. 

Even the investment limit per individual has been increased to 4 kg from 500 grams. For members of the Hindu Undivided Family (HUF), the limit was fixed at 4 kg, while for trusts and similar entities a cap of 20 kgs was set for each financial