On 30 November 2015, the Reserve Bank of India (RBI) issued the first tranche of 914 kg of gold bonds on behalf of the government. Of these, investors have so far redeemed 54 kg, leaving around 860 kg outstanding. Now, the bonds are up for redemption, with returns on a par with stocks, if the interest component on these bonds is added to their capital gains.
Against an issue price of ₹2,684 per gram, the current rate of 24-carat gold is above ₹6,100, implying an annualized return of 10.92%. However, to sweeten the scheme, the government has added a simple interest of 2.75% on the issue price. Together, the annualized return works out to 12.99%, according to Amol Joshi, founder of PlanRupee Investment Services.
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Diese Geschichte stammt aus der November 02, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der November 02, 2023-Ausgabe von Mint Mumbai.
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