<ul><li>Finance Minister Nirmala Sitharaman clarified that Sovereign Gold Bonds (SGBs) will be discontinued in FY25 due to rising borrowing costs, gold price volatility, and global economic challenges.</li><li>SGBs, which are government-backed securities priced in grams of gold, offer a cash alternative to physical gold ownership. These bonds provide investors with a hassle-free investment in gold.</li><li>The Indian government has issued a total of 67 tranches of SGBs, amounting to 146.96 tonnes of gold since their inception. As of March 20, the outstanding value of SGBs stood at Rs 67,322 crore for 130 tonnes of gold.</li><li>The SGB scheme was introduced in 2015 to reduce the gold import burden on the country, providing Indian investors with a proxy and tax-efficient way to invest in gold.</li></ul>

Sovereign Gold Bonds Discontinued In FY25 On Price Volatility, Global Economic Headwinds: Finance Minister

Discover more