<h1>India Issues Fourth Tranche of Sovereign Gold Bonds with 8-Year Term and Tax Exemptions on Capital Gains.</h1> The Government of India, in collaboration with the Reserve Bank of India, announced the issuance of the fourth tranche of Sovereign Gold Bonds, with applications open from July 18 to July 22, 2016, and issuance on August 5, 2016. These bonds, available to resident Indian entities, are denominated in grams of gold and have an 8-year term with an exit option after 5 years. The minimum investment is 1 gram, with a maximum of 500 grams per person annually. The bonds offer a 2.75% annual interest rate, are tradable, and can be used as loan collateral. Tax exemptions apply to capital gains on redemption.