Daily News
Few take exit option for sovereign gold bonds even after 5 years of holding them
![Few take exit option for sovereign gold bonds even after 5 years of holding them](https://retailjewellerindia.com/wp-content/uploads/2021/09/gold-bond-1609123143.jpg)
Most investors have held on to their investments in Sovereign Gold Bonds despite recently getting an opportunity to exit after staying invested for five years.
The Reserve Bank of India gives Sovereign Gold Bond investors an option to redeem after five years. Gold bonds of four series launched in 2015 and 2016 came up for repurchase in recent months. But RBI data show that in the first two series about 2% of the bonds issued came back for repurchase. In the third and fourth series, only 0.5-0.6% of the investments were redeemed.
Courtesy: Economic Times
- Personal Opinion1 month ago
Buy-back on gemstones to be on par with gold; A fear of return on the investment, more among high-end clients: Ankur Anand, Harsahaimal Shiamalal Jewellers
- Exclusive2 months ago
Prasad Jewellers’ Gold Bar Challenge fulfils multi-channel engagement goals, attracts young customers
- Maverick Greenhorn2 months ago
Segmenting retail approach to boost business performance
- Daily News1 month ago
TBZ – The Original launches its first store in Jaipur