The Government has realised Rs 919 crore through the fourth tranche of its Sovereign Gold Bond scheme — the highest so far. “Collections under the Sovereign Gold Bond scheme reached a new high. The amount realised through the fourth tranche, at around Rs 919 crore, is the highest achieved as yet,” the Finance Ministry said in a release.
The previous highest was Rs 746 crore, which was realised in the second tranche, when the issue price was Rs 2,600 per gram of gold. In the latest subscription, the issue price was fixed at Rs 3,119. This time around, the amount was mobilised over 1.95 lakh applications representing around 2.95 tonnes of gold. These numbers are likely to go up as receiving offices are keying in data for huge number of applications received on the last day.
