Quote on Sovereign Gold Bond Scheme Opens for Subscription from Mr. Sachin Kothari, Director of Augmont Gold

SGB has become increasingly popular in the past few months as it is the best form of investing in gold which is risk-free, tax-free, and comes with an additional interest rate of 2.5%, without any storage cost and making cost. Gold bonds were introduced back in 2015 and till now, two tranches of SGB have matured, which have given a phenomenal return of 150% in the last eight years. Moreover, Gold has been consistently given 12% CAGR returns in the long term for the last 20–25 years. Due to all these reasons, investors are choosing to buy SGB for gold investment purposes rather than buying physical gold.

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