The eighth installment of the Sovereign Gold Bond (SGB) program for 2021-22 opened for registration today (November 29) and will run through December 3rd. The issue price is set at 4,791 rupees per gram of yellow metal. However, online subscribers can guarantee these bonds at a discount of 50 rupees per gram.
According to Nish Bahat, founder and CEO of Millwood Kane International, investing in SGB is a fast-paced choice.
“The government has raised more than 31,000 million rupees through the program,” he said.
He further said that one should definitely invest in gold bonds, given their diverse benefits.
“Concerns over the new version of the virus have raised new concerns, leading to a softening in the dollar, pushing gold prices up. But the improving economic scenario, global inflation levels, rising interest rates are likely to contain inflation could put pressure on gold.” “Reasonable guidelines regarding exchange rates, economic data and the movement of the dollar will guide gold prices in the near to mid-term range,” he said.
Those interested in subscribing to SGBs in this share can apply through banks, Stock Holding Corporation of India Limited (SHCIL), NSE and BSE exchanges, dedicated post offices or through agents.
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(Edited by : Abhishek Ja)
First published: IS