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Gold Bonds: Government to launch next tranche on December 24

Saturday, December 22, 2018, 3:40 PM

The government said that it will launch the next tranche of sovereign gold bonds on December 24, offering a 2.5 per cent annual rate of interest to investors. This is part of the government's efforts to discourage import of the precious metal and curb its damaging impact on trade balance. The investors will get the interest payable semi-annually on the nominal value of investment.