Sovereign Gold Bonds (SGBs) v/s Physical Gold
Gold Bonds Sovereign Gold Bonds (SGBs) are substitutes of physical gold issued as government securities by the Reserve Bank of India. Buying Sovereign Gold Bonds is better than buying physical gold majorly for the reasons listed below: · No Storage Problems · Free of making charges · No requirement of purity certifications · You get market value at maturity with periodical interest Who can buy SGB? Indian residents including Hindu Undivided Families (HUFs), individuals, universities, charities, trusts can invest in Sovereign Gold Bonds. Owning a Sovereign Gold Bond jointly is allowed too. This makes buying SGBs jointly a more attractive option than jointly buying physical gold since physical gold doesn’t have well-defined ownership documents. Whe...