Gold bonds up for sale again. Should you buy?
- The last tranche of sovereign gold bonds for FY20 will remain open till 13 September. Buy to reap the benefit of diversification but maintain allocation
- The bonds are available for investment by HUFs, resident individuals, trusts and charitable institutions
The last tranche (Series IV) of sovereign gold bonds (SGBs) for 2019-20 is open for subscription between 9 September and 13 September. The yellow metal has been in news for reaching all-time highs recently. Domestic price of gold touched a record high of ₹39,885 per 10 grams in the first week of September 2019.
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