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Sovereign gold bonds score over gold ETFs

Sovereign gold bonds score over gold ETFs
Sovereign gold bonds score over gold ETFs
The redemption price will be the simple average of the closing price of gold on the previous three days.

Synopsis

Sovereign gold bonds have a tenor of eight years, with investors having the option to exit after the fifth year on interest payment dates.

Amid the pandemic-induced chaos, relief packages of central banks, low yield of bonds and dollar weakness, gold remains a preferred asset class for investors. Financial planners say that investors should have 5-15% gold in their portfolio, and when choosing from the available avenues, sovereign gold bonds should be the first choice.“The era of negative real rates still prevails. With the economic outlook still looking grim with further
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