| The government recently flagged off two gold schemes announced in this year’s Budget — the gold monetisation scheme and the sovereign gold bond scheme. Of these, while the monetisation scheme is targeted at those who have old gold to trade in, the gold bond scheme is an attractive option for investors seeking to buy gold.
In fact, the draft guidelines of the scheme, which are now available, suggest that gold bonds may even be a better investment option than gold exchange-traded funds (ETFs). The proposed gold bonds will be issued by the Reserve Bank of India and sold in denominations of 5/10/50/100 gm for tenures of five and seven years...............................................Full Article: Source
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