SGB

SGB holders to earn 122% income from August 2016 issue as RBI sets redemption price at Rs 6,938/gram

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SGB holders to earn 122% income from August 2016 issue as RBI sets redemption price at Rs 6,938/gram

The Reserve Bank of India (RBI) has announced a final redemption price for the first tranche of the sovereign gold bond (SGB) scheme at Rs 6,938 per gram and fixed the redemption date as August 5, Monday. Those who invested in the scheme have made an income of a whopping 122% (Rs 3,819) over the … Read more

gold: Hold 10% of assets in gold, SGBs a good bet: Analysts

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gold: Hold 10% of assets in gold, SGBs a good bet: Analysts

Mumbai: Investors can use the fourth and final tranche of sovereign gold bonds (SGBs) this financial year to diversify the overall portfolios in line with their long-term asset allocation strategy. Buying of gold by central banks and geopolitical risks will draw investors to risk-free assets and, given this, wealth managers say investors could allocate 10% … Read more