Gold prices at record high! Sovereign gold bond investors weigh profit booking with 221% returns
[ad_1] Trading options for sovereign gold bonds include selling on stock exchanges or early redemption through the government's repurchase scheme. (AI image) Gold prices at record high! Investors in Sovereign Gold Bonds (SGBs) are considering selling their holdings as gold prices reached Rs 1 lakh per 10 gm on Monday, showing a 26% increase since January and 33% rise over the past year.Those who invested in SGBs between May and October 2017, when gold was priced at Rs 2,830 and Rs 2,987 per gram, are now seeing absolute returns of 221% as their bonds approach maturity! Investors from April 2020, who bought at ₹4,639 per gram, could opt for buyback after completing five years, achieving 101% returns, according to an ET report.Trading options for sovereign gold bonds include selling on stock exchanges or early redemption through the government's repurchase scheme, […]