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Commodity Market Tips; Sovereign Gold Bond Scheme Tranche 7 Opens

The seventh tranche of the Sovereign Gold Bond (SGB) scheme opened on Monday and will close on March 3. "Online bidding platform for Sovereign Gold Bond Scheme 2016 -17 - Series 4 (Tranche 7) is open for subscription from Monday, February 27 to Friday, March 03, 2017 for trading members to subscribe to the issue for their clients," a Bombay Stock Exchange (BSE) statement said. "Six tranches of the bonds have been issued so far. 

In the light of reasonable success of the issuances, Government of India has now decided to issue the seventh tranche of the Sovereign Gold Bond," it added. The bonds will be sold through banks, Stock Holding Corporation of India Limited, designated post offices, the National Stock Exchange (NSE) and BSE.

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