Gold bonds demand dips marginally as equity market rallies
The June issue, which was opened for subscription from 8 June to 12 June, was priced at ₹4,677 per unit.
The S&P BSE Sensex has delivered a return of 32% since the 23 March lows.
The third tranche of sovereign gold bonds saw people buying 23.88 lakh units worth ₹1,117 crore, as per the data released by the Reserve Bank of India (RBI). The number of units purchased was 6% lower than what was subscribed to in the May issue. The government had sold 25 lakh units of gold bonds worth ₹1,168 crore in the May issue, which saw the highest-ever subscription.