Perspective on Sovereign Gold Bonds Series by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on Sovereign Gold Bonds Series by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
“The latest Sovereign Gold Bonds Series III opened today, 18th December, and will remain available for five trading days till 22nd December. The issue price of the current tranche of the gold bonds has been set at INR 6,199 per unit by RBI, offering a secure avenue for investors seeking exposure to gold. Historically, Gold has yielded strong returns. If we look at 2023 alone, despite geopolitical tension, a weaker dollar, and being volatile, Gold is currently traded at its lifetime high price of 63,630/-, offering a 14.95% return this year. If we look at the long-term, its price has more than doubled in the last 10 years. Hence, the scheme is an ideal investment opportunity for investors willing to hold on to their investments for the long term”.
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