It may be recalled that Reserve Bank of India in consultation with Government of India (GoI) had launched Sovereign Gold Bonds
(SGB) in an effort to reduce demand for physical gold by providing an alternative investment instrument linked to gold.
Moreover, the interest on gold bonds
is taxable and the capital gains tax shall also remain same as in the case of physical gold and ETFs.
The bank said, 'The Gold Monetization Scheme aims to tap household gold stocks of around 22,000 tonnes, while the Sovereign Bond Scheme will help shift part of the estimated 300 tonnes of physical gold bars and coins purchased every year in the country for investment into Demat Gold Bonds
Vikaas Sachdeva, chief executive officer, Edelweiss Asset Management, explains the difference between sovereign gold bonds
and gold exchange-traded funds or ETFs.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the gold bonds
, and shall not constitute an offer, solicitation or sale of any gold bonds
in any jurisdiction in which such offer, solicitation or sale would be unlawful.
National Bonds' rewards programme offers over AED 46 million worth of prizes annually, including the AED 1 million cash prize in the first week of every month, as well as the weekly rewards of two BMW luxury cars, two gold bonds
dedicated for female bondholders and school tuition fees tailored for two lucky minors.
Because Nantucket Gold bonds
with the skin, there is no layering or wax carrier to seal pores.
The first tranche of Sovereign Gold Bonds
was open for subscription from November 5 to November 20, 2015.
The finance ministry said on Friday that Sovereign Gold Bonds
would remain open for public subscription between November 5- 20.
Santa Fe has entered into a "best-efforts" Placement Agreement with an investment bank with which Canarc and Endeavour Silver have enjoyed a long standing relationship, pursuant to which will place an estimated $22 million of 8% Gold Bonds
Due in 2018 that are redeemable in cash or gold ETF.
Sovereign gold bonds
, on the other hand, are aimed at people buying the precious metal as an investment.
Govt proposes to issue sovereign gold bonds
to curb imports of the precious yellow metal