Perspective on SGB Series-I 2023-24 by Colin Shah

Jun 19, 2023

image001Mr. Colin Shah, MD, Kama Jewelry

There are few avenues to invest in gold. Some people prefer to invest in physical gold that can be worn on a daily basis. Some are artistic pieces passed on to future generations. Other than physical gold, there are some platforms offering digital gold. Then there are gold ETFs, and finally, we can invest in paper gold.

The price for Series-I 2023-24 is fixed at Rs 5,926/gm. Investment in Sovereign Gold Bonds does away the need to store it in vaults, it provides a high level of liquidity. The RBI pays 2.5% interest on SGB paid semi-annually.

Gold prices have gained over 17% in FY23, around 8.2% YTD. The gold bond scheme floated by the RBI in 2015 has provided double-digit returns. Gold prices traded with mixed cues until the Fed announced its monetary policy last week. The commentary indicated at least 2 more rate hikes in the current cycle. This led to a rise in gold prices. Moving forward, the Chinese central bank will announce its monetary policy and a likely stimulus later this week. Any easing in rates will support gold prices. Expectations of global central banks easing rates from CY24 onwards will support the yellow metal.

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
94,570
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

Divine Solitaires honoured leading partner jewelers from across India at IIJS Premiere 2026, alongside the first weekly lucky draw of TSFI's Wood Jubilee edition.

#divinesolitaires #hzinternational #iijspremiere #heerazhaveraat #luckydraw

3

✨ A moment to remember at IIJS Premiere 2026!

Proud to be part of Jewellers for Hope, bringing the jewellery community together for a meaningful cause. Grateful to be part of this special initiative.

#iijspremiere2026 #uniquechains #jewellersforhope #gjepc #iijs2026

✨ A moment to remember at IIJS Premiere 2026!

Proud to be part of Jewellers for Hope, bringing the jewellery community together for a meaningful cause. Grateful to be part of this special initiative.

#iijspremiere2026 #uniquechains #jewellersforhope #gjepc #iijs2026

4

Every masterpiece tells a story.
Discover Gehraiyaan by Kiran Jewels India at IIJS Bharat Premiere 2026.📍 Bombay Exhibition Centre, Mumbai
📅 6–10 Aug 2026
🏛️ Hall 4 | Booth 4R-481B#hzinternational

#iijsbharat #finejewellery #luxuryjewellery #heerazhaverat

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of