The PM Narendra Modi-led NDA government has launched subscription for the second tranche of sovereign gold bond scheme which will go on till January 22. The gold bond scheme rate has been hiked from last time and is now fixed at Rs 2,600 per per gram of gold based on the basis of simple average of closing price for gold of 999 purity from January 11-15 published by the India Bullion and Jewellers Association. Here are top 5 positive points to note that make the scheme a golden opportunity: <br><strong>Read more:</strong> <a href="https://www.financialexpress.com/photos/business-gallery/195663/sovereign-gold-bond-scheme-2015-issue-price-hiked-to-rs-2600-all-you-wanted-to-know-in-15-points/"><strong>Sovereign Gold Bond Scheme 2015: All you wanted to know in 15 points</strong></a></br> 1. Sovereign gold bond scheme: Gold bonds score over ETFs as the former will earn an interest. (AP photo) <strong>Read more:</strong> <a href="https://www.financialexpress.com/photos/business-gallery/195663/sovereign-gold-bond-scheme-2015-issue-price-hiked-to-rs-2600-all-you-wanted-to-know-in-15-points/"><strong>Sovereign Gold Bond Scheme 2015: All you wanted to know in 15 points</strong></a> -
Gold prices: Gold prices continued to enjoy a strong resurgence for the second straight day and reclaimed the significant Rs 29,000 landmark – its highest level in 20-month – on the back of surging demand. A global market selloff in the midst of uncertain macroeconomic environment and highly volatile currency made a perfect blended cocktail for its strong incremental advances amid heavy speculative buyout. Moreover, expectations of robust festive and wedding related demand for the yellow metal in the coming months also supported the upmove, a bullion trader said. [13-02-2016] (Reuters)
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3. Sovereign gold bond scheme: There is no chance of cheating or impurities in the gold bond. (AP photo)
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4. Sovereign gold bond scheme: Unlike gold ETFs, liquidity in gold bonds could be an issue . (Reuters photo)
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5. Sovereign gold bond scheme: Gold ended with negative returns in 2015 for the third year in a row. In rupee terms, spot gold dropped 6% in 2015 and around minus 8.5% CAGR for the period 2013-15. Analysts expect even 2016 to be no different with gold maintaining its weak trend as the dollar is at its strongest in 10 years. (Reuters photo)
