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The Economic Times

Markets / The Economic Times

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SGBs lose tax glitter after Budget 2026, tumble 8-10%

Sovereign Gold Bonds (SGBs) experienced a significant drop of 8-10% as investors shied away from the secondary market following the government's withdrawal of tax benefits on capital gains at maturity. This move, coupled with falling gold prices, has prompted wealth managers to advise investors to re-evaluate their investment strategies.

3 Feb 2026 6:48 am