Sovereign Gold Bond were first proposed in Budget 2015 and since then has evolved in a popular investment product. The Indian’s love for gold is well known and most of the gold is imported, it led to a huge import bills. To counter this government came with the idea of Gold bonds.
What is Sovereign Gold Bond Scheme?
Sovereign Gold Bonds is a bond issued by Government of India and is denominated in grams of gold – which means 1 gold bond is equivalent to 1 gram of gold. The maturity period for these bonds in 8 years and you get the price of 1 gram of gold per bond in rupee terms in your account.
This has turned out to be a win-win product for both the government and the investors. The government is able to save a lot of gold imports while the investors have good gold investment alternative.
Latest Sovereign Gold Bond Price & Date
The latest Sovereign Gold Bond Issue – Series…