Sovereign Gold Bonds craze: With gold prices hitting new highs, SGBs trade at huge premium in secondary market; should investors opt for them?
Sovereign Gold Bonds craze: With gold prices hitting new highs, SGBs trade at huge premium in secondary market; should investors opt for them?
Gold prices are soaring ahead of Diwali, driving investor interest in Sovereign Gold Bonds (SGBs) on the secondary market. Retail investors are paying significant premiums, up to 32% above current gold rates, for these government-issued securities. Experts caution that these elevated prices pose risks if gold values decline, especially with limited liquidity and no fresh SGB issuances.
Gold prices are soaring ahead of Diwali, driving investor interest in Sovereign Gold Bonds (SGBs) on the secondary market. Retail investors are paying significant premiums, up to 32% above current gold rates, for these government-issued securities. Experts caution that these elevated prices pose risks if gold values decline, especially with limited liquidity and no fresh SGB issuances.