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Investors buy gold bonds worth record ₹7,500 crore in Dec
January 11, 2024
|Mint Mumbai
Indian resident demand for sovereign gold bonds hit a record high of 12.1 tonnes, valued at ₹7,505 crore in the recently concluded third tranche last month, reflecting the robust demand despite equity markets ruling at record highs.
The gold backing the outstanding bonds now stands at 134.17 tonnes, worth ₹63,579 crore, which is far higher than the ₹27,326.42 crore of assets under custody at December end by the gold ETF schemes launched by mutual funds.
This was the second straight tranche which witnessed subscription demand exceeding 10 tonnes since the bonds were launched in November 2015.
The earlier issue on 20 September witnessed subscription of 11.67 tonnes valued at ₹6914.48 crore.
هذه القصة من طبعة January 11, 2024 من Mint Mumbai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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