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WGC welcomes govt's draft policy on sovereign gold bonds

Last Updated: Friday, June 19, 2015, 20:42

The government's proposed policy on sovereign gold bonds would provide investment choice to consumers and integrate gold further into regulated financial sector, the World Gold Council said on Friday.

Govt proposes gold-linked bonds to lower bullion imports

Last Updated: Friday, June 19, 2015, 13:59

India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.