Investors lap up 5.3 tonnes of gold bonds
Mumbai: Investors have subscribed for an impressive 5.31 tonnes of gold under the government’s latest sovereign gold bond offer, underscoring revival of interest for the yellow metal, which has hit three-month highs of Rs 4,777 a gram, ex taxes.
The government has garnered Rs 2,540.87 crore through the Series 1 of FY22 offering, the second-highest by quantity only to August 2020’s record 6.35 tonnes.
That investors have taken to SGBs in a big way to invest in paper gold is evident in the FY21 subscription…
