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DAILY NEWS ANALYSIS
24 November, 2023
6 Min Read
People prefer physical gold over sovereign gold bonds as no trail is left for the tax authorities.
What is Sovereign Gold Bond (SGB)?
About |
A financial instrument introduced by government to reduce gold imports |
Launch year |
2016 |
Issuer |
Reserve Bank of India (RBI) on behalf of Government of India |
Interest |
2.5% paid semi-annually |
Eligible investors |
|
Investment limit |
|
Authorized agencies to sell SGBs |
|
Tenure |
8 years with exit option after the 5th year |
What are theWhat is Sovereign Gold Bond (SGB)??
What makes physical gold more attractive than SGB for people?
Electronic Gold Receipts |
|
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