Sovereign Gold Bonds (SGBs): The Reserve Bank of India has announced the dates for premature redemption of Sovereign Gold Bonds issued between May 2017 and May 2020. The central bank is planning to redeem 30 SGBs from October 11 and February 7, 2025. The redemption price will be announced by the Reserve Bank of India … Read more
Kolkata: The government on Wednesday launched a revamped Gold Monetisation Scheme that seeks to unlock an estimated 22,000 tonnes of idle gold lying at Indian households by reducing minimum deposit to 10 grams, involving jewellers, and making all state-run banks participate in it. At least one third of the public sector bank branches in all … Read more
Kolkata: The strong uptick in the price of Indian silver this month has caught the attention of investors. On Wednesday, the August silver mini contract on Multi Commodity Exchange (MCX) hit an eight-year high of Rs 62,250 per kg. The metal’s price has increased by nearly 24% in July so far. “Investor interest in silver … Read more