The second tranche of the sovereign gold bond scheme has seen better subscription than the first one, a rise of more than 200 percent over the first tranche, which was announced in November 2015.
In the national capital, gold of 99.9 percent and 99.5 percent purity rebounded by Rs 80 each to Rs 27,130 and Rs 26,980 per 10 grams, respectively.
After rising for the third straight day, gold prices Friday eased from a three-month high by falling Rs 85 to Rs 27,050 per 10 grams at the bullion market, reflecting weak global cues amid a decline in demand from jewellers.
Continuing its upward journey for the third day, gold surged by Rs 5 to Rs 27,135 per ten grams at the bullion market Thursday on sustained buying by jewellers, driven by the ongoing wedding season even as the metal weakened in overseas markets.
In the national capital, gold of 99.9 and 99.5 percent purity surged by Rs 380 each to Rs 27,130 and Rs 26,980 per ten grams respectively, a level last seen on October 29 last year.
Gold rallied to its highest in nearly 12 weeks on Tuesday as a fresh rout in world stocks and a slide in oil prices battered appetite for risk, sending investors fleeing to alternative assets.
After a two-day slide, gold prices rebounded Rs 140 to Rs 26,750 per 10 grams at the bullion market today, tracking a firm trend overseas and fresh
Gold worth crores of rupees, kept in 'highly secure' lockers of government is disappearing and no one has been found accountable.
The revisions made by the government in the Gold Monetisation Scheme has made it easier and simpler for customers to participate.
The Gold Monetisation Scheme, which had not picked up initially, was fine-tuned to make it more attractive and convenient to encourage entities holding idle gold to participate in the scheme.
In the national capital, gold of 99.9 and 99.5 percent purity declined by Rs 40 each to Rs 26,610 and Rs 26,460 per ten grams, respectively.
After rising for two straight days, gold prices retreated from over two-month high by falling Rs 250 to Rs 26,650 per ten grams at the bullion market Friday, taking weak cues from global markets amid fall in demand from jewellers.
Gold remained weak for the second straight day and it shed Rs 35 to Rs 26,350 per ten grams at the bullion market Tuesday on easing demand from jewellers and retailers even as the metal held steady in global markets.
Gold prices retreated from over two-month highs by falling Rs 165 to Rs 26,385 per ten gram.
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.