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RBI Gold Bonds

Posted on December 20, 2022 by admin1  58

In News

What are Gold Bonds?

  • Gold bonds 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 the RBI on behalf of the government.
    • While the tenor of bonds is eight years, it can be redeemed after five years.

Benefits 

  • These bonds offer 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.
  •  It’s 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 RBI or in Demat form eliminating the risk of loss. 

Source:LM


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