Perspective on Sovereign Gold Bond Trance 6 by Nish Bhatt, Millwood Kane International
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Below are Views On Perspective on Sovereign Gold Bond Trance 6 by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“ The price for the sixth tranche of SGB is fixed at Rs 4732/gm. Investment in Sovereign Gold Bonds is fast picking pace. RBI raised Rs 16,049 crore in FY21 via the twelve tranches of SGBs, a total of over Rs 25,702 crore since its inception in November 2015 as per its annual report.
Investment in non-physical gold, digital gold provides high liquidity, eliminates storage cost, and is easier to sell vs physical gold. Investment in SGBs comes with an interest coupon payable semi-annually.
Gold prices have been trading sideways for the past few days. However, it has recovered much of its losses witnessed in the month of August. Gold prices have gained significantly in the past 5 months. Since the second wave forced lockdowns in April. Moving forward, gold prices will be guided by the impact of the delta variant of COVID19, geo-political situation in Afghanistan, and most importantly how the Fed signals tapering and manage the rising inflation in the US.”
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