India eased the restrictions for its Sovereign Gold Bond Scheme after failing to secure the targeted investment, the government said on Wednesday. India is the world's second biggest consumer of the precious metal and meets almost all its demand from imports. In 2015, India's government launched the bond scheme as an alternative to buying the metal and trimming the demand for physical gold. The annual investment limit under the Scheme has been raised to 4 kilograms for individuals and 20 kgs for Trusts, the statement said. The previous limit was 500 grams.

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