Investors eye Indian gold bonds as metal price off climax
Sep 02, 2020 12:30
See Full-size Table Here
Indian gold investors are eyeing the Reserve Bank of India’s latest tranche of sovereign gold bond offering as an entry point for making fresh purchases in the precious metal, which has pulled back a bit after hitting a record high in the first week of this month.
The sovereign gold bond opens today (August 31) and closes on Friday (Sept 4) with a minimum investment amount of Rs 1,000. It will offer a 2.5% interest with a tenure of eight years, though investors have the option to exit after five years. Capital gains tax is exempt if