Author name: KnowGro

In November 2015, the government introduced the Sovereign Gold Bond Scheme as part of the Gold Monetization Program. Sovereign Gold Bonds, as the name suggests, are government-backed securities that allow investors to participate in the gold market without the need to physically own or store gold. These bonds are issued by the Reserve Bank of India (RBI) on behalf of the Government of India and represent a way for the government to raise funds while providing an attractive investment opportunity for individuals.