Sovereign Gold Bond Scheme – An Alternative to Physical Gold Investment in Kerala
Keywords:
Gold, Physical gold, Paper gold, Sovereign gold bond scheme, awarenessAbstract
India has a deep historical connection with gold. It is the biggest consumer of gold, next to China. But the production of gold is far behind of the demand and hence the shortfall is met by imports, leading to drastic devaluation of Indian rupee and depletion of foreign exchange reserves to alarming levels. Kerala is the leading gold purchasing state in south India. Though the Govt. of India introduced SGBS to regulate the gold market; its impact in Kerala appears to be insignificant. The paper examines mainly the awareness and the level of investment under the scheme.
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