NEW DELHI: Cryptocurrency turned out to be the asset class of the year as it surged sharply, followed by precious metals silver and gold, which also delivered solid returns for the year gone by.
In the base metals pack, barring lead, most counters gave returns in their 20s and 30s, riding on the recovery in manufacturing demand after the pandemic, but agro-commodities faltered as market expected a bumper crop.
Returns from equities and equity funds were the highlights of the year, as Sensex and Nifty saw rapid recovery to record highs from a historic crash. Midcaps and smallcaps also came into their own.
Sovereign Gold Bond scheme to open today: 10 things to know
The value of the bond is based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the last three business days of the week preceding the subscription period, that is, December 22-24
BusinessToday.In | December 28, 2020 | Updated 11:45 IST
Sovereign Gold Bond 2020-21 is issued by the Reserve Bank India on behalf of the Government of India
The latest installment of the government-run Sovereign Gold Bonds (SGBs) 2020-21- Series IX- will open for subscription today. The last date for subscription is January 1, 2021, with January 5 as the settlement date. The issue price for the next series of sovereign gold bonds is fixed at Rs 5,000 per gram, the Reserve Bank of India said in a statement on Thursday.
RBI s Sovereign Gold bond opens for subscription today
The RBI issued 10 tranches of sovereign gold bonds for an aggregate amount of Rs 2,316.37 crore (6.13 tonnes) during 2019-20. December 30, 2020 / 12:11 PM IST
The Sovereign Gold Bond Scheme 2020-21 – Series IX will be open for subscription today, December 28 till January 1, 2021. The issue price for the latest tranche of gold bonds has been fixed at Rs 5,000, though a discount of Rs 50 per gram on the nominal value will be offered to investors applying online and making the payment against the application through digital mode, the Reserve Bank of India had said.
The value of the bond is based on the simple average closing price (published by the India Bullion and Jewellers Association Ltd) for gold of 999 purity of the last three business days of the week preceding the subscription period, that is, December 22-24.
Teji Mandi: Three things investors should know December 28, 2020
The Employees Provident Fund Organization s (EPFO)
September data provided yet another sign of economic recovery. The data shows that a total of 7.87 lakh people have rejoined EPFO in September. September saw the highest monthly enrollment this year.
However, this fiscal year, as many as 44,69,771 workers had exited the EPFO under the pandemic impact.
The EPFO data translates into the number of people joining and exiting employment. Hence, increasing EPFO accounts indicates expanding job opportunities and more sectors opening up. It also indicates that the migrant population is returning to the workplace.
Sovereign gold bond opens for subscription: