Gold price fall offers a good entry point via sovereign bonds


Distributors point out that sovereign gold bonds score over traditional modes like buying physical gold or digital modes like gold ETF.

Synopsis

The outlook for gold is bright despite the vaccination drive. Due to the sharp economic downturn, central governments across the world have been continuously pumping money into the financial system.

Mumbai: Does your stock screen look fatigued? It’s time to venture out – and add a dash of golden sheen, perhaps.The recent 11 per cent correction in gold prices is a good entry point for those eyeing sovereign gold bonds. The 11th tranche of sovereign gold bonds is open until February 5 and investors will have to pay Rs 4,862 per gram of gold after the Rs 50 per gram discount for digital payments. This is the lowest price in the last seven

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