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One can buy these gold bonds from scheduled commercial banks, except small finance banks and payment banks, Stock Holding Corporation of India, designated post offices, and recognised stock exchanges
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Another tranche is coming for five days this month only, know the dates
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Weak US dollar and concerns surrounding inflation are pushing gold prices higher
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SEBI has proposed a framework to set up a spot gold exchange in India
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If you somehow miss the current tranche, you can buy from one of the five more tranches to invest in sovereign gold bonds
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In case of an emergency, you can walk into banks or gold-loan NBFCs and pledge your jewellery for some quick cash. The segment has reported an unprecedented growth
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Airtel Payments Bank launched DigiGold last week for customers who want to make investments in digital gold
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The tenor of the bonds is for a period of 8 years with an exit option after the fifth year to be exercised on the next interest payment dates
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Usually, 30-40 tonnes of gold is sold on the auspicious occasion of Akshaya Tritiya, but this time sales were not likely to reach even 1 tonne.
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In a normal year, the industry does business of 25-30 tonnes on Akshaya Tritiya, but this year, it expects a maximum of 3-4 tonnes of sales as offline sales have been badly impacted