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Sovereign Gold Bonds (SGB)
Structured Products – Perpetual Tracker Certificates || Sovereign Gold Bond (SGBs) are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by Reserve Bank on behalf of Government of India. The quantity of gold for which the investor pays is protected, since he receives the ongoing market price at the time of redemption/ premature redemption.
The SGB offers a superior alternative to holding gold in physical form. The risks and costs of storage are eliminated. Investors are assured of the market value of gold at the time of maturity and periodical interest.
SGB is free from issues like making charges and purity in the case of gold in jewellery form. The bonds are held in the books of the Reserve Bank of India.
“We believe that Gold is an industry standard to measure wealth by.”
Total Circulating Supply
Since inception in 2021