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Saturday, 24 September 2016

MCX Market Tips, Gold Bond Issuance Date

Gold Bond issuance date was September 30 rose

The government of the fifth round of the Gold Bond issue date is extended one week. Bond will be released on September 30. Earlier it was planned to issue bonds on September 23. The government has taken this decision after discussions with the Reserve Bank.

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The government took this decision in view of the large number of applications have been received. RBI is not a problem in uploading the application in the system due date has been extended. According to the post office to raise the government deadline to complete the process becomes easy. Gold Bond's fifth round, the government has raised Rs 820 crore.

Gold Bond's fifth round, from 9 September to September was open. Nearly 2 million applications have been received for the bonds. 3150 for the fifth round, the issue price per gram is placed. Gold Bond in the first 4 rounds before the 2239 crore were raised. The highest amount was raised in the fourth round. The government bonds worth 921 million won for the application. In the fourth round, the issue price per gram was placed in 3119.

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