BSE begins mock trading for sovereign gold bonds


Mumbai : Leading stock exchange BSE has begun conducting mock bidding session for the sixth tranche of Sovereign Gold Bonds (SGB) scheme, which is expected to be issued later this month by the government.

The Finance Ministry had last month said the sixth tranche of SGB is expected to be issued around the third week of October, prior to Diwali. This tranche is expected to come up with additional features to attract consumers even more.

“Trading members and custodians are hereby informed that the exchange shall conduct mock bidding session of Sovereign

Gold Bonds Scheme (tranche six) on the iBBS live platform from Tuesday, October 18, 2016 onwards,” BSE said in a circular.

The mock bidding will take place at an issue price of Rs 3,119 per grams of gold, reports PTI. Sovereign gold bonds provide investors a choice to diversify portfolio without the need to buy the metal in physical form. The SGB scheme was announced by the government on October 30, 2015.