GJC 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.”
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
