How Will India's Customs Duty Cut On Gold Impact Sovereign Gold Bonds Scheme? | N18V | CNBC TV18

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How will India's customs duty cut on gold impact the Sovereign Gold Bonds Scheme? Manisha Gupta explains.

#Sovereigngoldbonds #goldfunds #Market #Investment #CNBCTV18Digital
#businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday #cnbctv18

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Unfortunately, this short talk does not spell out the loss to investors on account of a reduction in customs duty on Gold. It talks about absolute returns and not IRR on the investment. Not exactly a comprehensive talk on SGBs. There are better talks available on the subject.

sandeepmehrotra
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2015 govt announced this scheme for investors where gold bonds will be issued providing 2.5% interest on initial investment value apart from gold appreciation, the bond will be for 9 year duration and in between can be traded as well OTC. In 2024 when it was time for redemption govt played this master stroke to reduce the custom duty to break Gold price. They could have done this in 2023 or 2022. But they waited for the right time. Who knows what awaits us more.

somendrasarkar