Gold is gold, whether it is gold jewelry or gold bonds. In India, gold is the second most profitable investment after property. In the last 8 years, gold has seen an unprecedented increase in investment and the profit has also doubled. The price of one gram of gold was Rs 2684 in November 2015, which is now close to Rs 5900. That is, more than double. In the meantime, the number of people investing in the Reserve Bank of India’s Sovereign Gold Bond has also increased.
Related Articles
The RBI recently released a report from November 2015 to September 2023. It stated that Indians have bought 122.06 tonnes of gold bonds in eight years. Rajasthan’s share is 9.38 tonnes. That is, the people of Rajasthan have bought 9380 kg of bonds. This year alone, 22974.83 kg (22.97 tonnes) of gold bonds have been bought. The government has raised Rs 134 billion from this. No series of bonds has been issued after September.
Gold bond investment increased fivefold during the Corona period
The number of people investing in gold bonds increased fivefold during the Corona period in 2020-21. The RBI issued 12 series of gold bonds in 2020-21. Indians bought 32,345 kg (32.34 tonnes) of bonds, which is the highest in any year. In April 2020, 1772 kg, in May 2020, 2544 kg, in June 2020, 2388 kg, in July 2020, 4130 kg, in August 2020, 6349 kg, in September 2020, 3190 kg, in October 2020, 1859 kg, and in November 2020, 1573 kg of bonds were bought. In January 2021, 2869 kg, in February 2021, 1227 kg, and in March 2021, 3230 kg of gold bonds were bought in the 12th series.
5 major benefits of gold bonds
- Investors earn 2.5% interest every 6 months on gold bonds.
- Loan facility is also available on gold bond investment.
- Investment in gold bonds is for a maximum of 8 years. It can be closed prematurely after 5 years.
- An individual or a family group can buy bonds worth a minimum of 1 gram and a maximum of 4 kilograms.
- Institutions or trusts can buy bonds up to 20 kilograms.
10 series issued in 2021-22
The RBI issued 10 series of gold bonds in 2021-22 in view of the enthusiasm of the people. In these, Indians bought 27,031 kg (27.03 tonnes) of gold bonds. In the year 2022-23, 4 series were issued, in which 12,259 kg (12.25 tonnes) of bonds were sold.
