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SGB vs Physical Gold: What makes Sovereign Gold Bond a preferred choice?
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The Tranche-8 of the Sovereign Gold Bond (SGB) has been launched for the Financial Year (FY) 2021-22 at an issue price of Rs 4,791 per gram for offline investors and Rs 4,741 for online investors. The issue period for the SGB Tranche-8 is from November 29 to December 3, 2021.
With the gold prices currently hovering near Rs 50,000 per 10 gram (or Rs 5,000 per gram) range, the SGB investors would not only gain around Rs 2,000 per 10 gram (or Rs 200 per gram), but would also enjoy several other benefits over investments in physical gold.
The benefits of investments in SGB over physical gold are –
Investors in physical gold need to spend on hiring lockers, taking insurance etc to keep gold safely and to recover losses in case of any theft,
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