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.