Author Login IJIRT Partner Network (IPN) Login

Evaluation of Sovereign Gold Bonds Scheme in India - A Study of Investors’ Perception

  • Unique Paper ID: 175193
  • Volume: 11
  • Issue: 9
  • PageNo: 3044-3050
  • Abstract:
  • The study explains the types of gold Investment, scope of the study, period of study. The gold rates in India from 1930 to 2023 increasing at increasing rate of more than 263%. In 1930, 10grams gold available at Rs.18/- and 2023 it will be Rs. 52.790/-, 2000 to 2023 gold prices are increased more than 15 times. Honourable Finance Minister had announced in Union Budget 2015-16 Sovereign Gold Bond, as an alternative to purchasing metal gold. The Sovereign Gold Bond 2016-17 Series I minimum investment will be 1 grams of gold (earlier minimum investment will be 2 grams of gold and this will reduce). In 2015 Scheme was started and continued 21th Feb, 2024, 2015 to 2024 gold price per gram Rs.2,684/- to Rs.6,263/- increase more than 2 times in 9years and subscription 913,571grams (0.913571tonnes) to 1,27,86,819grams (12.786819tonnes) of all time high subscribed. Majority of investors benefited for holding maturity and these are also exempted for tax. Further it explains the trends in current account, gold price relation and they are negatively correlated. 2016-17 to 2019-20 Series X premature gold 7,37,851 grams (7.37851tonnes) are redeemed. India’s Balance of Payments on current account in 2015-16 Deficits by Rs.1,43,762crores and come down to Rs.96,916crores in 2016-17. And Deficits increased by Rs.3,14,126crores in 2017-18. In 2018-19 Deficits increased by Rs.4,00,227crores and 2019-20 Deficits come down to Rs.1,72,429crores. The current account balance was surplus in Rs.1,82,070crores then after Deficits will continue in 2021-22 Rs.2,90,816crores and 2022-23 Rs4,30,693 crores. The India’s overall Balance of Payments on current account shows Deficits.
Download article email to a friend

Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 9
  • PageNo: 3044-3050

Evaluation of Sovereign Gold Bonds Scheme in India - A Study of Investors’ Perception

Related Articles

18 Apr, 2025

Evaluation of Sovereign Gold Bonds Scheme in India - A Study of Investors’ Perception

Read More
09 Apr, 2025

Predictive Budget Allocation in Cloud-Based Bidding Using XAI models

Read More
08 Apr, 2025

THE TECH-DRIVEN FUTURE OF BANKING: ASSESSING SBI’S OPERATIONAL EFFICIENCY IN THE DIGITAL ERA

Read More
07 Apr, 2025

SOCIAL MEDIA AND IT’S IMPACT ON BUSINESS

Read More
02 Apr, 2025

EFFECTIVENESS OF PROVISIONS OF PROTECTION OF WOMEN FROM DOMESTIC VIOLENCE ACT, 2005: AN ANALYTICAL STUDY

Read More
12 Mar, 2025

DEFINING AND ANALYZING DIGITAL FINANCE: KEY COMPONENTS, TECHNOLOGIES, AND GROWTH DRIVERS

Read More
10 Mar, 2025

A COMPREHENSIVE OVERVIEW ON THE INFORMATION TECHNOLOGY ACT, 2000: FEATURES AND AMENDMENTS

Read More
20 Feb, 2025

COMPARATIVE ANALYSIS OF REFLECTIVE AND GREEN ROOFING SYSTEMS FOR REDUCING URBAN HEAT, ENERGY CONSUMPTION, AND CARBON EMISSIONS

Read More
19 Feb, 2025

ANALYZING THE INNOVATIVE DELIVERY SYSTEMS IN NANO-FORMULATIONS FOR SKIN THERAPY

Read More
17 Feb, 2025

THE EFFECTS OF MINDFULNESS PRACTICES IN THE CLASSROOM

Read More
Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

Join Our IPN

IJIRT Partner Network

Submit your research paper and those of your network (friends, colleagues, or peers) through your IPN account, and receive 800 INR for each paper that gets published.

Join Now

Latest Publication

Archive

View More

Recent Conferences

NCSEM 2024

National Conference on Sustainable Engineering and Management - 2024 Last Date: 15th March 2024

Submit inquiry