Paper gold grains traction, SGBs for 44k kg subscribed

15/07/2024

Paper gold grains traction, SGBs for 44k kg subscribed

Times of India

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Ahmedabad: How much Indians love gold is evident from the physical purchases and the country being among the largest importers of the yellow metal. The latest annual report (2023-24) released by IIM Ahmedabad’s India Gold Policy Centre (IGPC) shows that more and more Indians are now writing this love letter on paper gold.
The year 2023-24 saw sovereign gold bond (SGB) subscriptions for 44,335 kg, which was about three times higher than 2022-23.

IIMA