Sovereign Gold Bond Scheme to add glitter to yellow metal investors

摘要

The sovereign gold bondscheme is an attractive productand may address the pureinvestment demand for gold,says India Ratings andResearch (Ind-Ra). Goldsovereign bonds may triumphover other comparable productsin the market such as goldexchange traded funds andphysical bars, and can lead to areduction in India's currentaccount deficit. Also, goldsovereign bonds are easy toimplement relative to the goldmonetisation scheme.