Precious Metals

Premature redemption of the SGBs issued between May 2017 and March 2020, depending on the series or tranches, will be carried out in phases.

The RBI -- which is the issuing authority for SGBs on behalf of the RBI and announces the issuances of these bonds in four tranches in the financial year -- has made no announcement so far on the issuance of the SGB 2024-25.

Gold has had a dream run taking the price per 10 grams of gold to a historical high of over Rs 74,000 in the recent past. But change in customs duty on gold resulted in a price adjustment.

Gold is near an all-time high. Several factors are working in favour of the precious yellow metal, but is it worthwhile investing now?

Recently, gold made headlines by touching a record high, both in the Indian Rupee (INR) and U.S. Dollar (USD) terms.

As we walk into the new year 2024 various factors will have a bearing on gold.

The SGB 2015-I series, which was launched in 2015, is maturing on November 30, 2023, and the redemption price is set at Rs 6,132.

In the year 2023 and beyond, gold is likely to exhibit its lustre due to certain macroeconomic and geopolitical conditions.

The Sovereign Gold Bond Scheme 2023-2024 Series II allows you to invest in gold without the hassle of buying physical gold.

Currently the talking point is the U.S. Debt ceiling and the possibility of a recession, in which case gold would do well.