Sovereign Gold Bonds 2022-23 - SGB Issues prices

A fresh issue of the government-backed gold bond scheme was opened today and the scheme will remain open for subscription till August 26, 2022. The Reserve Bank of India ((RBI) on behalf of the Center has fixed the issue price at ₹ 5,197 per gram. The bonds will be sold via banks, Stock Holdings Corporation of India Limited (SHCIL), Designated Post Offices, and Recognized Stock Exchanges. The bond will have an 8-year term with a 5th-year exit option that can be exercised on the dates of the subsequent interest payments. According to market experts, one should subscribe to the second tranche of the government gold bond scheme as it provided an alternative to gold investment providing additional yield in the form of interest income. They said this is an opportunity for investors as the gold price outlook is positive due to rising global inflation. Sugandha Sachdeva, Vice President, Commodity and Currency Research at Religare Broking, advised gold investors to participate in the new tranche of the Sovereign Gold Bond Scheme 2022. The last and second tranche of the Sovereign Gold Bond Scheme 2022-23 is open for subscription, starting today, and will last for five days until August 26. SGB is a great alternative to investing in gold because it not only provides additional returns in the form of interest income, but is also free from the risk of default and issues such as maintenance, security, and cleanliness. So yes, SGB would be the right choice for investors looking for a stable and hassle-free investment in gold." Echoing Sugandha Sachdeva's views, Megh Mody, commodity and currency research analyst at Prabhudas Lilladher said, "Gold is seen as a hedge against inflation, and demand for gold will remain in India. Long-term investors will buy gold, whether it's physical or sovereign. gold bond. With geopolitical concerns and inflation still out of control across the globe, the new tranche of the 2022 government gold bond scheme is up for grabs." Sovereign gold bond prices are linked to gold prices, which usually rise due to uncertainty, war, pandemic, or any natural disaster. This way, investors get the benefit of gold prices along with interest on their investment," said Nirpendra Yadav of Swastika Investmart.