{"id":5228,"date":"2022-12-17T11:04:42","date_gmt":"2022-12-17T05:34:42","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=5228"},"modified":"2025-03-27T05:02:53","modified_gmt":"2025-03-26T23:32:53","slug":"what-are-gold-bonds","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-are-gold-bonds\/","title":{"rendered":"What are Gold Bonds?"},"content":{"rendered":"<h2><strong>About Gold Bonds:<\/strong><\/h2>\n<ul>\n<li>Gold bonds are government securities denominated in grams of gold.<\/li>\n<li>They are substitutes for holding physical gold.<\/li>\n<li>Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity.<\/li>\n<li>The bond is issued by the <strong>RBI on behalf of the government.<\/strong><\/li>\n<li>These bonds offer a superior alternative to holding gold in physical form.<\/li>\n<li>The risks and costs of storage are eliminated.<\/li>\n<li>Investors are assured of the market value of gold at the time of maturity and periodical interest.<\/li>\n<li>It\u2019s free from issues like making charges and purity in the case of gold in jewellery form.<\/li>\n<li>The bonds are held in the books of the RBI or in demat form eliminating risk of loss.<\/li>\n<li>While the tenor of bonds is<strong> eight years, it can be redeemed after five years.<\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0When was the Sovereign gold bond scheme launched?<\/h3>\n<p>The Government of India introduced the Sovereign Gold Bond (SGB) Scheme in November 2015, to offer investors an alternative to physical gold.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/rbi-gold-bonds-sense-to-invest-8329948\/\" target=\"_blank\" rel=\"nofollow noopener\">Indian Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold bonds are government securities denominated in grams of gold issued by RBI on behalf of the govt.<\/p>\n","protected":false},"author":5,"featured_media":5229,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-5228","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=5228"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/5228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/5229"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=5228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=5228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=5228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}