ICICI Direct: Sovereign Gold Bonds - Better Investment Option, Outlook Remains Positive

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Direct Report.Gold prices in the last two years have had a phenomenal run, rising around 75% and continuing to scale new highs.Indian prices are trading well above Rs 50,000 per 10 grams. In the current era of Covid-19 pandemic where there is heightened uncertainty and concerns around global growth and human lives, there was bound to be some interest in safe haven assets like U.S. government bonds and gold.However, the extent and the intensity of the rally in global gold prices has taken everyone by surprise.We maintain our positive outlook on gold prices given uncertain outlook on global growth, volatility in other asset classes viz. global equity, commodity and currency markets, massive stimulus measures announced by major central bankers, extremely low interest rates environment and outlook, U.S.-China trade war and increased buying interest of global central bankers.Reserve Bank of India through its notification on April 13, 2020, announced the launch of Sovereign Gold Bonds (SGBs) 2020-21. These bonds will be issued in six tranches from April 2020 to September 2020..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Direct: Sovereign Gold Bonds - Better Investment Option, Outlook Remains Positive

ICICI Direct: Sovereign Gold Bonds - Better Investment Option, Outlook Remains Positive

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