The government has decided to assess market conditions and requirements afresh before floating gold bonds in this financial year, thanks to elevated costs of borrowing through such instruments.
The decision follows a review meeting on Thursday on the Centre’s borrowing requirement for the second half of 2024-25.
The government has already slashed its gold bond issuance target for this fiscal by 38% from the interim budget level to crore.
Similarly, the government issued green bonds to fund eco-friendly projects but only raised ₹1,697 crore in the first half of the fiscal year, falling short of their ₹12,000 crore target.
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