Sovereign Gold Bond - A Financial Innovation in India

International Journal of Economics and Management Studies

© 2018 by SSRG - IJEMS Journal

Volume 5 Issue 8

Year of Publication : 2018

Authors : Rishabh Gupta

10.14445/23939125/IJEMS-V5I8P104

How to Cite?

Rishabh Gupta, "Sovereign Gold Bond - A Financial Innovation in India," SSRG International Journal of Economics and Management Studies, vol. 5,  no. 8, pp. 21-23, 2018. Crossref, https://doi.org/10.14445/23939125/IJEMS-V5I8P104

Abstract:

Sovereign Gold Bond is one of the major initiative that was taken by the NDA government in the year 2015. As per the definition given by Reserve Bank of India, SGB are the securities denominated in grams of gold and are the substitute of physical gold. These bonds come under the purview of Reserve Bank of India and are more safer. The present paper will explain the theoretical framework and background of Sovereign Gold Bond and its comparison with that of Gold ETF and physical gold. The paper will also try to find out the yield analysis of SGB. The present paper will shed a light on the steps which can lead to proper implementation of Sovereign gold Bond Scheme in India.

Keywords:

Sovereign Gold Bond Scheme, Gold, Yield and Gold ETF

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