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Want to invest in gold, but are concerned about the safekeeping and purity of the yellow metal? Invest in government-backed Sovereign Gold Bonds and enjoy the benefits of physical gold without any hassles. SGBs are issued by the Reserve Bank of India on behalf of the Government of India. Additionally, no TDS is levied on the interest income of SGBs.
It is a stable, safe and secure investment option with adequate liquidity.
The issue price of sovereign gold bonds is linked to the prevailing price of gold.
Investors are paid interest of 2.5% per annum. The payments are made semi-annually.
Sovereign gold bonds can be traded in the secondary market after a fixed period, as decided by the Reserve Bank of India.