Gold losing sheen? Government cuts gold bond issuance target as investors look at better alternatives

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Times of India 12h ago

Gold losing sheen? Government cuts gold bond issuance target as investors look at better alternatives - Times of India

Quick Summary:

Gold Bonds: After accounting for redemptions, the net issuances of sovereign gold bonds are now estimated at Rs 15,000 crore for this fiscal year, a significant decrease from the Rs 26,138 crore projected in the interim budget and Rs 25,352 crore in the revised estimate for 2023-24.

The official, who spoke on condition of anonymity, told ET "The decision followed a reassessment of various factors, including investor demand, other investment products and uncertainties around the global economy, as the situation has changed since the interim budget in February.

The gold bond and gold monetisation schemes were introduced by the government in late 2015.Gold losing sheen?