Investors who had put money in sovereign gold bonds (SGBs) in the past four issues would be sitting on losses at present. That’s probably why the government has tried to sweeten the deal in the new tranche by offering a discount of Rs 50. The new SGB has a face value of Rs 2,893, a price that many analysts feel is attractive.
The last four tranches of SGBs came at a price higher than Rs 2,900 a gram. The third tranche issued in March 2016 had a face value of Rs 2,916 a gram. The fourth, fifth and sixth tranches were priced higher at Rs 3,119, Rs 3,150 and Rs 3,007 per gram ...
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