With the calendar year 2024 having seen the launch of only one Sovereign Gold Bond (SGB) scheme so far, inflows in gold ETFs have more than doubled in 2024 to Rs 7,367 crore vs Rs 2,919 crore in 2023.
With the government announcing premature redemption of Sovereign Gold Bonds (SGBs) that have completed five years in August indicates that there will be no new SGB issued going forward. Based on the data, in 2024 so far, only one SGB has been issued compared to four issued in calendar year 2023 which has shifted the interest of investors towards Gold ETFs with the category receiving Rs 7,367 crore inflows in calendar year 2024 so far.
