Gold losing sheen? Government cuts gold bond issuance target as investors look at better alternatives
Friday, 26 July 2024 () 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.
In times of economic uncertainty and rising inflation rates, many investors turn to precious metals like gold and silver as a hedge against depreciation in the value of traditional paper currencies...
Friday, 26 July 2024 ()
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