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Sale of sovereign gold bonds at a record high in July in times of Covid-19

In the July SGB issue, bonds equivalent to gold worth 4.13 tonnes were sold, according to the official data

Topics
Sovereign gold bonds | Sovereign gold bonds trading | Gold investment

Rajesh Bhayani  |  Mumbai 



There is also continuing anxiety about the course of the pandemic
In 2016-17, an amount of Rs 3,481 crore was raised for the entire year. However, the government had sold bonds worth 11.4 tonnes that year.

Investors’ appetite for (SGBs) has seen a stellar increase. In the July SGB issue, the government sold bonds worth Rs 2,004 crore, according to official data. This means bonds equivalent to gold worth 4.13 tonnes were sold.

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First Published: Thu, July 16 2020. 12:43 IST

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