Sovereign gold bonds Series X issue: Should you invest?
The sovereign gold bond (SGB) scheme Series X offers gold at a price of Rs 5,054 per gram for investors using digital modes to pay. But is this the right time to buy gold?
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The tenth installment (series X) of the Sovereign Gold Bond (SGB) scheme for 2020-21 for subscription opened on Monday. The subscription will end on January 15, 2021. With the yellow metal trading flat on Tuesday at the bullion exchange at Rs 49,298 for 10 grams, investors are mulling on buying the gold through the mutual fund and SGB routes. So are SGBs a good investment option for investors?