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Digital gold vs sovereign gold bond - Delhi
Thursday, 24 March, 2022
Item details
City:
Delhi
Offer type:
Offer
Item description
Investing in Digital gold in electronic format through ETFs and gold funds is considered a better investment option over buying physical gold as the latter entails high costs in the form of making charges, which are deducted at the time of selling the gold product.
Sovereign gold bonds or SBGs are gold bonds issued by the Reserve Bank of India (RBI) on behalf of the Government of India. The gold in this bond is sold on a per unit basis such that every unit derives its value from underlying one gram gold with 999 purity. The cost is calculated by taking an average of closing prices of gold for the latest three working days preceding the subscription period. These closing prices are published by the India Bullion and Jewellers Association Limited (IBJAL). The redemption price is also calculated on the latest base data from the same source.
httpsblog.oropocket.com/gold/sovereign-gold-bonds-all-you-need-to-know/
Sovereign gold bonds or SBGs are gold bonds issued by the Reserve Bank of India (RBI) on behalf of the Government of India. The gold in this bond is sold on a per unit basis such that every unit derives its value from underlying one gram gold with 999 purity. The cost is calculated by taking an average of closing prices of gold for the latest three working days preceding the subscription period. These closing prices are published by the India Bullion and Jewellers Association Limited (IBJAL). The redemption price is also calculated on the latest base data from the same source.
httpsblog.oropocket.com/gold/sovereign-gold-bonds-all-you-need-to-know/
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