What is Sovereign Gold Bond?
Sovereign Gold Bonds are government securities denominated in grams of gold.
SBG is substitute for physical gold.
Investors pay the issue price and the bonds will be redeemed on maturity.
The Bond is issued by Reserve Bank on behalf of Government of India.
SGB 22-23 Series II - Issue Opens from 22nd Aug, 2022
Why Sovereign Gold Bond?
SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest. SGB is free from issues like making charges and purity in the case of gold in jewellery form.