This is a review for the KFJ Gold bond scheme launched in April 2013. The one year rate of gold was Rs 2399.
Instead of buying this bond and had you invested in FD @ 10%, your money would be worth, 2719 considering a period of 15 months. Todays Gold rate in chennai is 2628.
You would have gained additional 4% and your money was relatively. safe.
Let us evaluate this after some more period.
With the interest rates likely to be increased soon, in US, the Indian equity market and currency looking up, Acche DIN for Gold will have to wait for a little longer.