India has a deep-rooted affection for the precious yellow metal, viewing gold as a safeguard against inflation. The Sovereign Gold Bond scheme presents an attractive option for those reluctant to acquire physical gold due to safety concerns.
SGB 2023-24 Series III will be available for subscription from December 18 to December 22, with issuance on December 28. The issue price, based on the average closing price of gold, is yet to be announced by the RBI.