Inflows into gold bonds at record high in FY21

Mumbai: Investor appetite for paper gold, especially for sovereign gold bonds (SGBs), grew to record levels in FY21, a year which saw the metal hit a record high of Rs 56,191 per 10 gm. The value of SGBs subscribed by investors was Rs 16,048.74 crore, the highest in any financial year since the bonds were launched by the NDA government in FY16. Inflows into gold ETFs in FY21, though the highest in a fiscal, were comparatively lower at Rs