Symbol: GOLD| Contract: Apr, 2016| Category: Bullion
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Gold's Latest News
The government on Monday launched the second tranche of sovereign gold bonds for sale/subscription. The issue will remain open till January 22. The bonds will be issued to the applicants on February 8, 2016.
Gold steadied in early deals on Tuesday as weaker stock and oil prices pushed investors towards safe-haven assets, but slow physical demand in Asia kept bullion under $1,100 an ounce.
Gold edged higher on Monday as crude oil prices slid to 12-year lows and European stocks fell on persistent worries about global growth, prompting investors to seek assets considered a safe store of value.
Government is unlikely to mobilise Rs 15,000 crore from sovereign gold bond scheme, even as its second tranche was launched on Monday.
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