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Govt may shut down Sovereign Gold Bond scheme due to losses
short by / on Tuesday, 30 July, 2024
The Sovereign Gold Bond (SGB) Scheme allows investments in digital gold, offering fixed annual interest and capital gains tax exemptions upon redemption. However, the government may discontinue the scheme due to high costs, as reported by Money Control. The recent reduction in customs duties on gold and silver has led to decreased SGB demand and prices.
read more at Trak.in