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How to invest in sovereign gold bonds to reap maximum benefits
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The Reserve Bank of India (RBI) has announced dates for the upcoming issues of the sovereign gold bonds. The first issue for the financial year will open for subscription on 20 April and the sixth issue will open on 31 August.
Sovereign gold bond issues are expected to see good response as there is a lot of demand for the yellow metal, considered a safe-haven asset.
Gold is the best performing asset class this year as equities, considered risky, have seen huge correction due to the coronavirus pandemic. “With the coronavirus outbreak intensifying, global economic deceleration is inevitable.
Investors continue to shun risky asset classes such as equities with preference for defensive asset classes like US treasuries and gold," said Ankur
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