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Sovereign Gold Bond investor sees Rs 1 lakh grow to Rs 3.76 lakh

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A Sovereign Gold Bond held to maturity has turned an initial investment of Rs 1 lakh into roughly Rs 3.76 lakh. The return reflects the growth in gold prices over the bond's tenure, along with the interest paid on the investment. Sovereign Gold Bonds are issued by the Reserve Bank of India on behalf of the government as an alternative to holding physical gold. The example highlights how such bonds have delivered substantial gains for investors who stayed invested through maturity.

Read the full story at Economic Times

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