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2024

How much SGB investors likely to lose due to custom reduction, has government really reduced SGB issuance this year?

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Sovereign Gold Bonds: When the government announced a reduction of customs duty from 15% to 6% on Gold, the prices crashed by up to 9% in two days. A part of this fall in price is attributable to international price effect. However as a result of this, 2016-17 Series I SGB investors lost out a good earning opportunity. Read the story to know why.