GJC encourages individuals to explore SGBs

Jun 21, 2023

SGB IndiaGJC encourages individuals to explore SGBs
Definitely a good investment option: RSBL

Recently the RBI announced the price for Sovereign Gold Bonds (SGB) 2023-24 Series-I. In the row, Prithviraj Kothari, MD CEO of RSBL said, “RBI has issued a Sovereign Gold Bond tranche after six months this time now and is definitely a good investment option, as it offers an additional 2.5% interest per annum, other than gold price appreciation.

Gold is an excellent portfolio diversifier and a hedge against uncertain times. In India, Gold has given around 12% CAGR return in the last 25 years, if this historical return continues going forward, the money invested in this SGB can double in the next 8 years, if one holds it till expiration.”

While Saiyam Mehra, Chairman of GJC said on Sovereign Gold bond that, “In my view, Sovereign Gold Bonds offer a unique investment opportunity for portfolio diversification, providing the dual advantage of investing in gold, a traditional safe reserve asset, while also yielding interest.

However, average consumers prefer physical gold, which brings a sense of ownership pride and the opportunity to convert it into jewellery for wearing and gifting purposes. We encourage individuals to explore SGBs for long-term financial savings without compromising their immediate needs.”

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