The wedding season and festive rush have led to a 20% increase in gold demand in Kolkata, making it the best in 15 years. Gold prices have risen, making it an attractive investment option.
SGB investment: The SGBs are issued as Government of India Stock under Government Securities Act, 2006. Investors get a Certificate of Holding for the same when they invest in it.
SGB 2023-24 Series III will be available for subscription from December 18 to December 22, with issuance on December 28. The issue price, based on the average closing price of gold, is yet to be announced by the RBI.
Sales of the worst affected mass-to-mid segment products across categories have also seen a slight improvement in this season with single-digit growth, according to companies, retailers and market researchers. The revival has been driven by urban and semi-urban markets, with the critical rural markets still showing no signs of a recovery.
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