What are Sovereign Gold Bonds? Can I buy SGB in Fyers?

What are Sovereign Gold Bonds? Can I buy SGB in Fyers?

Sovereign Gold Bonds (SGBs) are government securities denominated in grams of gold. These bonds are substitutes for holding physical gold. Investors shall pay the issue price in cash, and the bonds will be redeemed in cash on the maturity date. SGB is issued by RBI on behalf of the Government of India

Currently, you cannot Buy Sovereign Gold Bonds in FYERS due to statutory constraints.
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