Investing & Markets

Own assets that compound

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Concept 21 of 21

framework

Sovereign Gold Bonds (India)

Gold exposure plus 2.5 percent annual interest, backed by the Government of India, in paper form.

Definition

Government securities denominated in grams of gold, issued by the RBI, offering a fixed interest coupon plus the underlying gold price return.

Step 1

Predict first

In one or two sentences, what do you think this concept means? Wrong is fine; the small struggle is what makes the answer stick.