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Cabinet liberalises norms, sovereign gold bonds to soon be available on tap

Multi-fold increase in holding limits: Physical and paper gold to be on par for short-term funding

Cabinet liberalises norms, sovereign gold bonds to soon be available on tap
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Rajesh Bhayani Mumbai
The Union Cabinet on Wednesday approved significant liberalisation of the sovereign gold bonds (SGBs) scheme, increasing holding limits manifold and deciding to make the bonds available on tap. The move would ensure regular availability and improve the liquidity of the bonds that are listed on the stock exchanges.

The investment limit per fiscal year has been increased to 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 Kg for trusts and similar entities notified by the Government from time to time. At present, annual individual limit of buying bonds is 500 grams. The annual ceiling will

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