Gold jewellery vs Gold Bond: Why gifting a bond is better than investing in jewellery
All major banks in India, including State Bank of India (SBI), offer advances against sovereign gold bonds at attractive interest rates.
New Delhi: The Reserve Bank of India (RBI) opened the fourth tranche of Sovereign Gold Bond Scheme 2021 for subscriptions on July 12 for five days ending today i.e. on July 16.
If you’re planning to invest in gold then you can consider subscribing to sovereign gold bonds because of the several benefits it offers over physical gold. In the ongoing sovereign gold bond offering, the RBI has fixed the issue price at Rs 4,807 per gram.
Assured returns
Safer and cheaper than physical gold
If you invest in sovereign gold bonds, then you don’t need to worry about the safety of gold stored in your locker, which is usually the case with physical gold. Sovereign gold bonds are kept with the government and are one of the safest investment options.
Moreover, you don’t have to pay GST and making charges while investing in sovereign gold bonds. This means that you’ll be buying gold at cheaper prices than compared to physical gold.