Sovereign Gold Bond calculator: How SGB interest rate is calculated? Explained
Sovereign Gold Bond calculator: The Reserve Bank of India (RBI) issues SGBs on behalf of the government. SGBs, introduced in Union Budget 2015-16, are linked to the market price of gold and are considered substitutes for holding physical gold (999 purity).
Sovereign Gold Bond calculator: Sovereign Gold Bonds are government-backed securities denominated in grams of gold. Pic: Reuters