The third tranche of Sovereign Gold Bond (SGB) scheme received a lukewarm response with the Government getting a subscription of 1,128 kg gold, amounting to Rs329 crore - less than the half it got in the last round.
It has so far received subscription for Rs4,916.253 kg of gold amounting to about Rs1,322 crore.
The third tranche was opened from March 8-14.
As per initial figures, more than 64,000 applications have been received for a total subscription of 1,128 kilograms of gold amounting to Rs 329 crore, the Finance Ministry said in a statement.
It further said that the “trend during the third tranche of SGB shows that the scheme is gradually picking-up amongst the investors with increase in awareness and more clarity about the provisions of the scheme”.
The actual figure may vary as comprehensive information from all the authorised receiving agencies is under compilation, the ministry said. These bonds will be issued on March 29, 2016.