Investors who chose the first sovereign gold bond (SGB) tranche in 2015 are poised for substantial gains as gold prices have more than doubled in eight years. The Reserve Bank of India issued the initial SGB tranche at Rs 2,684 per gram, and its redemption price is expected to reflect significant appreciation. Investors, receiving 2.75% annual interest, could witness a close to 10.8% XIRR, turning a Rs 1 lakh investment into around Rs 2.30 lakh, with cumulative interest. SGBs, linked to gold prices, offer safety, regular interest, and tax exemptions upon maturity.
Investors in Maiden Sovereign Gold Bond Tranche Anticipate Bumper Returns as Gold Prices Soar
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