No SGB tranches likely this year: Other good options to invest in gold

Quick Summary:

If the government does not issue new SGBs, the only option left is to buy this bond from the secondary market, i.e., from listed stock exchanges like BSE and NSE.

This means that investors buying it at this point will have to hope that gold prices go up 12 per cent for them to break even," said Rastogi.

The rise in the gold prices in the last 2 years has left the government high and dry due to their commitment to redeem the Bonds with Gold prices.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Bullion RBI SGB Sovereign gold bonds Gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 10:19:38 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1138 words

Reading Time: 7 minutes read

Sentences: 52 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24543896

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