What are Sovereign Gold Bonds? Can I buy SGB in FYERS?
Sovereign Gold Bonds (SGBs) are government securities issued in grams of gold. They provide a secure and convenient way to invest in gold without holding physical gold. Instead of purchasing physical gold, you can buy SGBs, which are backed by the government and redeemable for cash on the maturity date.
Key Features of SGB:
- Issued by RBI on behalf of the Government of India.
- Denominated in grams of gold and the issue price is determined based on the prevailing gold price.
- Paid in cash: Investors pay the issue price in cash, and the bonds are redeemed in cash at maturity, based on the current gold price.
- Interest Rate: SGBs provide a fixed annual interest rate, typically paid bi-annually, in addition to the potential appreciation in gold value.
Can I buy SGB in FYERS?
Yes, you can apply for Sovereign Gold Bonds (SGB) through the FYERS SGB Portal.
To apply, visit the portal: FYERS SGB Portal
SGBs provide an easy and secure way to invest in gold, with the added benefit of annual interest payments. It’s an excellent alternative to holding physical gold.
What if...
| Scenario | Outcome |
|---|
| You apply for SGB through FYERS | Your application will be processed via the FYERS SGB portal |
| You want to invest in physical gold instead | You’ll need to purchase physical gold from a jeweller or online platform |
Last updated: 27 Jun 2025
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