Sovereign gold bond issue for FY25 pegged 10% higher at Rs 29,638 crore
The government plans to issue sovereign gold bonds worth ₹29,638 crore in FY25, a 10% increase from the current fiscal year. This surge in issuance is due to the growing investor appetite for 'paper gold'. The gross mop-up from gold bonds in FY24 exceeded expectations, reaching ₹26,852 crore. Investor interest in gold bonds has risen due to the safe haven status of gold and expectations of long-term price appreciation.
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