Sovereign Gold Bonds are kind of Government bonds that are issued (by the RBI on behalf of the Government) on payment of rupees but denominated in grams of gold. It allows an individual to invest in gold without the strain of safekeeping their physical asset. The value of these bonds depends on the value of gold. Sovereign Gold Bonds act as a secure investment tool among individuals, as gold prices are less susceptible to market fluctuations. Key Features of Sovereign Gold Bond Eligibility All resident individuals, HUFs, registered entities like a trust, universities, charitable institutions, societies and clubs, partnership firms and private …