Should you buy discounted SGBs on the exchange?
2 years, 9 months ago

Should you buy discounted SGBs on the exchange?

Live Mint  

On the back of geopolitical tensions, gold, which is considered a haven during times of turmoil, has been in the limelight. However, the prices of most of the SGBs trading in the secondary market on the exchange do not reflect the recent price action in the spot gold prices. Experts say that one of the main reasons for SGBs to trade at a discount in the secondary market is the poor price discovery mechanism due to lack of enough liquidity. “Bulk of the trades in gold happens in the physical market and therefore the price discovery in these markets are faster and they are also highly liquid compared to trades on the exchange,” said Rahul Roy Chowdhury, business head at Wealth, Equirus. “Since the coupon payments of 2.75% is paid on the issue price and not on the market price ₹5,000, the current bond yield is around 1-1.5% annualized,” said Shah.

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History of this topic

Asia Gold-India gold premiums steady as price fluctuations stabilise demand
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News 18  

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Live Mint  

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Live Mint  

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2 years, 2 months ago

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India Today  

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Gold, silver prices today: Precious metals record hike on MCX| Check latest rates here
2 years, 9 months ago

Gold, silver prices today: Precious metals record hike on MCX| Check latest rates here

India Today  

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2 years, 9 months ago

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India Today  

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Gold, silver prices today: Precious metals record hike on MCX| Check latest rates here
2 years, 9 months ago

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India Today  

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2 years, 9 months ago

Gold, silver prices today: Precious metals witness dip on MCX | Check latest rates here

India Today  

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3 years, 5 months ago

Indian spot gold rate and silver price on Wednesday, Jul 07, 2021

Hindustan Times  

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Gold prices in India jump ₹1,600 per 10 gram in just two days, silver surges
4 years, 1 month ago

Gold prices in India jump ₹1,600 per 10 gram in just two days, silver surges

Live Mint  

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