The Cabinet on Thursday raised the annual investment limit in Sovereign Gold Bonds (SGBs) to 4 kg per individual from 500 gm and relaxed other norms to make them more attractive to buyers.
The ceiling will be counted on financial year (FY) basis and will include the SGBs purchased during trading in the secondary market, an official statement said after the Cabinet meeting in New Delhi.
According to the statement, the investment limit per FY has been increased to 4 kg for individuals, 4 kg for Hindu Undivided Family (HUF) and 20 kg for trusts and similar entities notified by the government
