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Published on 12/10/2020 1:51:58 PM | Source: Millwood Kane International

Seventh tranche of Sovereign Gold Bond Scheme By Mr. Nish Bhatt, Millwood Kane International

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Below is the Views On Seventh tranche of Sovereign Gold Bond Scheme By Mr. Nish Bhatt, Millwood Kane International

“The seventh tranche of the Sovereign Gold Bond issue opens today, the price for this tranche is fixed at Rs 5,051/gram with a discount of Rs 50/gm for investors applying online. Investors looking to invest in Gold should take this route to avail dual benefits - avoid any overhead cost while buying/selling as compared to investing in physical gold, and benefit from the assured 2.5% interest payable per annum. Any portfolio should consist of Gold anywhere in the range of 10-15% or based on the risk-taking appetite of the investors.

 

Gold is considered as a safe haven and a hedge against inflation, investors will continue to flock until clarity emerges on the global economic recovery. Post touching life highs of over Rs 56,000/10 gm, the Gold price has corrected to trade near Rs 51,000 levels. The hope of the latest stimulus package by the US government getting cleared has given a push to Gold prices. Moving forward, US election outcome and its impact on the USD, clarity on the vaccine will give broader direction to the yellow metal.”

 


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