Investing in Gold Bonds
GS-PAPER-3 Economics-Investment (PT-MAINS)
The fourth tranche of sovereign gold bonds 2020-21 is open for subscription.
Gold bonds:
The government introduced the gold bonds scheme in 2015. The scheme was introduced to wean away investors from the physical gold market. These bonds have a maturity period of eight years. But, the investors have the option to exit after the fifth year. Funds raised through such issuances form part of the government’s overall
Hallmarking of Gold
Mandatory Hallmarking of Gold Jewellery is going to come into force from tomorrow, 16th June 2021.
Under Hallmarking scheme of the Bureau of Indian Standards, Jewellers are registered for selling hallmarked jewellery and recognise testing and Hallmarking centres.
BIS (Hallmarking) Regulations, were implemented w.e.f. 14.06.2018. Hallmarking will enable Consumers/Jewellery buyers to make a right choice and save them from any unnecessary confusion while buying gold.
Sovereign Gold Bonds
This scheme is for those individuals who intend to purchase gold for investment.
These bonds are issued by RBI on behalf of Govt on payment of Rs denominated in gms of Gold.
The interest not fixed (unlike G-secs): given on the prevailing price of Gold.
Like G-secs, they are backed by a Sovereign guarantee.
Gold Monetization Scheme, 2015
The scheme was launched in November 2015 along with sovereign gold bonds and India gold coins.
Sovereign Gold Bond Scheme
Sovereign Gold Bonds
This scheme is for those individuals who intend to purchase gold for investment.
These bonds are issued by RBI on behalf of Govt on payment of Rs denominated in gms of Gold.
The interest is not fixed (unlike G-secs): given the prevailing price of Gold.
Like G-secs, they are backed by a Sovereign guarantee.
Gold Monetization Scheme, 2015
The scheme was launched in November 2015 along with sovereign gold
Gold Hallmarking in India
The government said that it is fully prepared to implement the mandatory hallmarking of gold jewellery and artefacts from June 15, 2021.
What is Gold hallmarking?
Gold hallmarking is a purity certification of precious metal. At present, It is voluntary in nature.
Gold Hallmarking in India:
In 2019, the Government announced that hallmarking of gold jewellery and artefacts will be made mandatory across the country.
The government had given jewelle