Page 32 - Bullion World issue 2
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Bullion World | Issue 02 | June 2021
It was a sign of relief for people who have missed out buying Gold on Akshaya Tritiya as Sovereign Gold Bond (SGB) opened
its subscription two days after the eve of Akshaya Tritiya (between May 17 and 21). The 1st Series of 2021-22 SGB amassed
53,18,973 number of units at the issue price issue of ₹4,777 per gm. With a discount of ₹50 for online customers, the issue price
comes around ₹4,727 per gm. The SGB pays an interest of 2.5% pa, at half-yearly rests. The price of gold during Akshaya Tritiya
2020 and 2019 were ₹4,660 per gm and ₹3,173 per gm respectively.
Source: RBI
Gold ETFs are better than physical Gold in terms of liquidity, purity, and price efficiency. Gold ETFs invest only in 24 karat physical
Gold, taking care of all purity concerns. Gold ETFs are traded on the exchange at the prevailing market price of physical gold, so
investors can buy or sell their holdings close to the market price, without paying for the making charges. It is observed that in the
month of May 2021, the GOLDBEES outperformed all the other ETFs and Akshaya Tritiya was indeed a peak period.
Source: NSE
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