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Next Tranche of Sovereign Gold Bonds from Oct 24


The government will launch on October 24 a sixth tranche of the Sovereign Gold Bonds (SGB) scheme, in which people can buy securities worth up to 500 grams.
●    The Sovereign Gold Bonds scheme, an alternative mode of investment to physical gold, was launched in November last year. 
●    It provides investors a choice to diversify their portfolios without the need to buy the metal in physical form. 
●    So far, the government has come out with five tranches of the Sovereign Gold Bonds. 
●    There were more than 2 lakh applications for the fifth tranche.
●    The bonds will be sold through banks, Stock Holding Corporation of India Limited, designated post offices and recognised stock exchanges NSE and BSE.
●    The Reserve Bank of India had earlier this week said that five tranches of Sovereign Gold Bonds for a total value of Rs. 3,060 crore have been issued till date. 

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