Indians bought gold worth ₹4604 crore in June! Sovereign Gold Bond | Jagran Business

The stock market is always booming. As a result, gold investment has become a profitable venture. The government continues to provide citizens with the chance to make secure investments in gold through gold bonds. For which the central government releases a series of gold bonds on a regular basis. Investors just broke all buying records in the first Sovereign Gold Bond series of June. In reality, consumers purchased 7.77 tonnes of Sovereign Gold Bonds for Rs 4,604 crore in June.

The issue price of the gold bonds issued last month was Rs 5,926 per gramme. This was the highest issue price since the debut of gold bonds. This is a government-led effort. The Government Gold Bond Scheme was launched in November 2015 with the goal of reducing physical demand for gold. Gold can be invested at a lower price than the market under the government's scheme. The government ensures the security of the investment.