Sunita is a working woman nearing 50, who wants to set aside some gold for her daughter’s wedding. Her banker friend has told her about sovereign gold bonds and gold ETFs as substitutes for physical gold. While the gold ETFs have been around, the bonds are fairly new in the market. They are issued by the Government of India in tranches and in various denominations. The amount invested will be redeemed at the price of gold at that time in about eight years.
India will be superpower by 2047, but not high-income economy: Martin Wolf
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