The SGB scheme, introduced in 2015, offered investors a paper alternative to physical gold, providing benefits such as exemption from making charges, Goods and Services Tax (GST), and wastage costs, along with an annual interest of 2.5% credited semi-annually.

For most Indians, an investment in gold is more valuable than stocks and mutual funds. Nevertheless, investing in physical gold has its disadvantages. A solution to this problem is sovereign gold bonds (SGB). Vardan Pandhare elucidates the significance of SGBs in this special report