News From Press Gold is falling; are sovereign gold bonds better?

Gold is falling; are sovereign gold bonds better?

Source: Mint Jan 11, 2022

The first issue of sovereign gold bonds (SGBs) of 2022 opened on Monday. The SGB Scheme 2021-22-Series IX will remain open for subscription till 14 January. As per the Reserve Bank of India (RBI), the nominal value of the bond has been kept at ₹4,786 (one unit of sovereign gold is equal to 1 gram of gold).

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