Perspective by Mr. Colin Shah, MD, Kama Jewelry
“For the 8-year tenure, Sovereign Gold Bonds delivered a splendid CAGR of around 10.8% with an annual interest rate of 2.5%. This is a testimony to the fact that SGBs are here to stay and deliver stellar returns in the future. With a plethora of benefits like hassle-free storage compared to physical gold, the annual fixed interest of 2.50% payable semi-annually, and scheme value being linked to market price.
Being a government-backed investment, it promises security along with other advantages like the flexibility of being tradable in stock exchanges and exemption from capital gains tax, making it a well-preferred investment choice, especially for risk-averse investors who look out for investments that carry minimum risk and give stable returns. Having raised Rs. 245 crore from the investors during the tenure of the first tranche, we anticipate that sovereign gold bonds are here to stay and will keep garnering interest from investors.”
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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.
