Understanding Sovereign Gold Bonds (SGBs)

What are Sovereign Gold Bonds?

Sovereign Gold Bonds (SGBs) are government-backed securities denominated in grams of gold. They serve as an alternative to physically holding gold. Investors pay the issue price in cash and, on maturity, the bonds are redeemed in cash. Issued by the Government of India through the Reserve Bank of India (RBI), SGBs have an 8-year maturity, though there's an option for investors to exit after 5 years.

For those interested in applying for SGBs via FYERS, you can use the Fyers SGB portal.

For the step-by-step procedure, refer to this article.

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