Tag: gold bond

The RBI Declare SGB VIII Tranche price 4791 per gram, which will be open from subscription from 29th November 2021 to 03 December 2021. SGB Issuance date will be 7 December 2021. Subscribers will get discount for ₹ 50 per Gram. This is a best option to invest in gold for a longer period. Sovereign Gold Bonds (SGB) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash…

Sovereign Gold Bonds (SGB) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of the Government of India. Quantity of gold for which the investor pays is protected since he receives the ongoing market price at the time of redemption/premature redemption. The SGB offers a superior alternative to holding gold in physical form. The risks and…