Sovereign Gold Bonds 2019-20 (Series III): Issues price per gram gold, settlement date out
The sovereign gold bond scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings.
Among the gold-based financial products, gold ETFs act like mutual funds, wherein the value of investment is linked with the market price of the underlying asset. Image source: Reuters