What is Sovereign Gold Bond (SGB)?

Government securities called SGBs are valued in kilos of gold. They serve as alternatives to holding actual gold. The issuance price for investors must be paid in cash, and the bonds must be redeemed in cash when they reach maturity. The Reserve Bank issuing the Bond on behalf of the Indian government.

What are the benefits?

Since the investor obtains the current market price for the gold at the time of redemption or early redemption, the amount of gold for which he paid is protected. The SGB is a better option than keeping gold in physical form. Storage-related dangers and expenses are removed. The market value of gold at the time of maturity and periodic interest are guaranteed to investors. When it comes to issues like purity and making fees, SGB is free in the case of gold jewelry. The bonds are kept in the RBI's books or in demat form, removing the possibility of scrip loss, etc.

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