In 2024, middle-class investors bought INR27,000 crore worth of sovereign gold bond (SGBs) or equivalent 44.34 tonnes of gold. Moreover, according to RBI's annual report published in May 2024, a total of INR72,274 crore was raised through 67 tranches of gold bonds since November 2015 — equivalent to 146.96 tonnes of gold. Gold prices are now up 40%. This has led to an increase in government liability. The government estimates its gold bond
( Originally published on Mar 07, 2025 )
Refer & Earn
