Amid the second wave of Corona, a total of Rs. Significant investment of Rs 5589 crore

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MUMBAI: Demand for Sovereign Gold Bonds (SGB) has increased in the second wave as compared to the first wave in Corona. In recent times, SGB and gold ETFs have become the investment tools of choice for investors. Despite the high price of gold during the Corona period, there has been an increase in investment. Considering the volatility in equities, investors are also preferring to invest in safe instruments, said an analyst.

In the current financial year, the first four series of gold bonds have sold a total of Rs 5 crore worth of SGB equivalent to gold. The total volume of gold under SGB was 11.50 tonnes.

Since the launch of SGB in November 2016, a total of 8 tonnes of gold equivalent SGB has been issued so far. SGB ​​is currently one of the best digital gold products in the country.

The second wave of Corona in the current year did not lead to a special demand for spot gold during the Akshay Tritiya festival and investors were attracted to gold bonds, the analyst added.

He also expressed confidence that the attraction for SGB would increase in the coming years as gold is safe in digital form and the government is committed to it.

In addition to SGB, gold ETFs are also increasing the attractiveness of investing in gold.


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