Rising Investment in Sovereign Gold
Idea Behind SGBs
aims to promote the online purchase of gold
. The 8-year maturity offers 2.5% annual returns and capital gain exemption.
Benefits of SGB
SGB is the best way to invest in gold. It has
sovereign backing, is tax-free, and is easy to trade
The First Issue
, the 1st issue was priced at Rs 2,684 per gm, and 860 kg of gold bonds were bought.
Current Demand of SGB
In the September 2023 tranche,
of bonds were bought at a record price of Rs 5,923 per gram, the
highest in 65 tranches since November 2015
A Strong Comeback
Data in the above image shows the strong comeback of SGBs.
Rising Trend of SGB
After 2 issues in FY23-24, the total net investment in SGBs outstanding is 120.6 tonnes.
Over half of these purchases occurred in the last three & a half years
Earn 9 - 11%
More Wint Stories
Sovereign Gold Bond Scheme 2023-24 (Series 2): Price, Dates, Benefits
EGRs & Their Impact on The Indian Gold Market.