SGB's redemption price is determined by the average closing price of 999 purity gold as published by the India Bullion and Jewelers Association Limited (IBJA) for the three business days before the redemption date.
As the national and provincial elections draw closer, The Herald will be providing space for political leaders in the province to unveil their plans to tackle some of the most pressing issues.
"The sovereign gold bond offers choices to investors to invest (in “paper gold”). You get a certain yield from it as well. I don t see why that would be a negative for the gold market as a whole. I think it s encouraging people to see gold s value as an investment commodity and a stabilizer to their household or institutional income. So no, I don t see it as a threat (to the physical gold trade). I would be very surprised if it grew to such an extent to be a threat," says David Tait.
"The sovereign gold bond offers choices to investors to invest (in “paper gold”). You get a certain yield from it as well. I don t see why that would be a negative for the gold market as a whole. I think it s encouraging people to see gold s value as an investment commodity and a stabilizer to their household or institutional income. So no, I don t see it as a threat (to the physical gold trade). I would be very surprised if it grew to such an extent to be a threat," says David Tait.