02.03.2015 - India Announces New Gold Schemes: What to Know
Investors who want to buy gold will soon have a new option. This was among a number of proposals announced by Finance Minister Arun Jaitley in the Budget to reduce India's import of gold as well as put to work the vast amount of gold deposits held in the country. The Finance Minister said a Sovereign Gold Bond would be introduced as an alternative to purchasing physical gold. The bond or financial instrument will carry a fixed rate of interest and when investors sell the bond they will get the value of the gold...............................................Full Article: Source
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