The Reserve Bank of India issued the first installment of the Sovereign Gold Bond Scheme on November 30, 2015, which matured on November 30, 2023. Now this scheme may be put on hold. Sources told Business Today TV that further installments of Sovereign Gold Bond are unlikely to be issued. Sources say that SGB is a complex and expensive instrument. For this reason, the possibility of its further installment being issued is negligible.
SGB is a scheme issued by the Reserve Bank of India (RBI) on behalf of the Government of India, which gives the option of buying gold at a lower price than the market and provides returns based on the gold market after the completion of 8 years maturity. It also gives a fixed return of 2.5 percent.