‘Sovereign bonds to help address import issues’

The Centre's gold sovereign bond scheme is expected to address pure investment demand for the yellow metal, says India Ratings and Research (Ind-Ra). To reduce huge imports of the precious metal, Finance Minister Arun Jaitley unveiled plans in February for a sovereign gold bond and a bullion deposit scheme.

Based on the recent draft guidelines, the Centre is looking out for ways to address the demand in <g data-gr-id="15">domestic</g> market by introducing gold bonds. Gold sovereign bonds may triumph over other comparable products in the market.