https://www.taxtmi.com/news?id=14964 The Sovereign Gold Bonds scheme establishes government issued, gold denominated securities for resident investors with sovereign guarantee, tradability, and eligibility as loan collateral. Issuance and redemption use an RBI reference rupee rate based on a reference gold price; interest is calculated on the gold value at subscription and may be fixed or floating. Distribution will be through banks, NBFCs, post offices and agents; purchases are capped per person and subject to gold equivalent KYC. Price and currency risk allocation is managed by a Gold Reserve Fund funded from borrowing cost savings, with tax parity for individual investors to mirror physical gold. en-us Wed, 09 Sep 2015 15:53:22 +0530 Wed, 09 Sep 2015 15:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14964 The Sovereign Gold Bonds scheme establishes government issued, gold denominated securities for resident investors with sovereign guarantee, tradability, and eligibility as loan collateral. Issuance and redemption use an RBI reference rupee rate based on a reference gold price; interest is calculated on the gold value at subscription and may be fixed or floating. Distribution will be through banks, NBFCs, post offices and agents; purchases are capped per person and subject to gold equivalent KYC. Price and currency risk allocation is managed by a Gold Reserve Fund funded from borrowing cost savings, with tax parity for individual investors to mirror physical gold. News - Wed, 09 Sep 2015 15:53:22 +0530 https://www.taxtmi.com/news?id=14964