The investors of the state are turning towards safe investments as compared to other investments. The Department of Posts had launched the Digital Gold | BLiTZ
Govt looking at regulating digital gold schemes: Official
February 06, 2021
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The Finance Ministry has asked IIM-Ahmedabad’s India Gold Policy Centre (IGPC) to come out with a paper on how gold refining can be ramped up in the country. Policy inputs are needed on this front as the government intends to shortly work on a plan to strengthen gold refining, K Rajaraman, Additional Secretary, Department of Economic Affairs (DEA) in Finance Ministry, said on Saturday.
While the possibility of strengthening gold mining is a distant target, there is certainly a possibility of ramping up gold refining, he said at the 4th Gold & Gold Markets virtual conference 2021, organised by IGPC@IIMA.
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Sovereign Gold Bonds: Subscription opens today
Buying gold is always considered one of the safest investments. It is highly advisable to have gold in your investment portfolio to minimise the risk. The government has just opened the Sovereign Gold Bonds 2020-21 (Series IX) for subscription. For those willing to invest in gold, this could be a safe mode for them to park their money. The last date for subscription is January 1, 2021, with January 5 as the settlement date.
The price of one unit (1 gram of 24 karat) is Rs 5,000 per gram. The government is giving a discount of Rs 50 if investors apply using the digital mode.