The Gold Bond scheme has an annual cap of 500 grams per person and such bonds will be issued for 5-7 years.
In the national capital, gold of 99.9 and 99.5 percent purity surged by Rs 340 each to Rs 26,550 and Rs 26,400 per ten gram respectively, a level last seen on November 3 last year.
The second tranche of sovereign gold bonds and the pricing has been made more attractive as compared to the first tranche when the issue price was Rs 2,684 per gram.
Gold prices retreated by Rs 40 to Rs 26,210 per ten gram at the bullion market on Friday owing to lower global trend amid easing spot demand from jewellers.
Aimed at curbing demand for physical gold, the government on Thursday said banks will launch the second tranche of the sovereign gold bond scheme on January 18.
After falling for two days, gold prices rebounded by Rs 190 to Rs 26,250 per ten grams at the bullion market Thursday, tracking a firm trend overseas and emergence of buying by jewellers at prevailing levels.
Amid weakening global trend and low demand from jewellers, gold prices drifted further by Rs 190 to Rs 26,060 per ten grams at the bullion market Wednesday.
Silver also recorded a fall of Rs 355 to Rs 33,500 per kg.
Gold was trading at USD 1,096.16 an ounce in Singapore.
Gold retreated on Monday as the dollar rose versus the euro, but the metal held around a nine-week high as pressure on stock markets continued to support investors` flight to safety.
New Delhi, Jan 11 (PTI) Gold prices rose Rs 120 to trade at over two-month high of Rs 26,450 per 10 gram at the bullion market today, tracking a firm trend in global market amid a pick up in buying
Buoyed by positive global cues and sustained buying by jewellers at domestic spot markets, gold continued its rising streak for a fifth straight day -- its longest winning run in over a year -- and edged up by Rs 20 to Rs 26,350 per ten grams at the bullion market Friday.
Amid a weakening global trend and profit-booking by speculators, gold futures traded lower by Rs 127 at Rs 25,973 per 10 gram on Friday.
Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channeled money into safer assets for a fourth straight day after worries about the Chinese economy hit global stocks.
Depreciation in rupee, which was trading at over two-week low against the dollar, also supported the upside in gold prices as it would make imports costlier.
Depreciation in rupee, which was trading at over two-week low against the dollar, also supported the upside in gold prices.
Gold hit a seven-week high on Wednesday, extending gains for a third session as persistent concerns over the Chinese economy battered stock markets, while tensions simmered in the Korean peninsula and the Middle East.
Continuing its rising streak for the third straight day, gold prices added another Rs 60 to hit over three-week high of Rs 25,900 per 10 grams at the bullion market on Wednesday, tracking a firming global trend amid pick up in buying by jewellers.
Zee Media bureau
New Delhi: If you wish to profit from government's Gold Monetisation Scheme, your neighbourhood jeweller would be able to guide you soon.
Riding on strong global cues and increased buying by jewellers at the domestic bullion market, gold on Tuesday shot up by Rs 225 to Rs 25,840 per ten grammes.