Perspective on 'Fourth Tranche of Sovereign Gold Bond by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on ‘Fourth Tranche of Sovereign Gold Bond of Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“The latest tranche of Sovereign Gold Bonds Series opens for subscriptions today, 12th February, and will remain available till the 16th February. The issue price of the current series has been set at INR 6,263 per unit by RBI. This makes it a secure avenue for investors seeking exposure to gold. Historically, investors have always looked to Gold for consistent and strong returns. If we look at 2023 alone, despite geopolitical tension, a weaker dollar, and being volatile, Gold is currently traded close to its lifetime high price of 62,240/-, offering approximately 11.95% return in 2024 already. If we look at the long-term, its price has more than doubled in the last 10 years. The SGD (Sovereign Gold Bonds) scheme is an ideal investment opportunity for investors willing to hold on to their investments to seek capital appreciation in the long run.”
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