I bought gold through the link zerodha.com/gold
But till now there is no confirmation of it in zerodha kite?
What happened to the gold that I bought?
Or can I get my money back?
The allotment of the latest tranche has not yet happened.
As a broker, we have the option to place bids on behalf of the client. We collect all the bids and place these orders at once, on the bidding page.
The whole process between placing the order and crediting of units is managed by the RBI. The units were supposed to be credited on 28th July but there has been a delay. We are yet to receive a communication from RBI regarding the exact day of allotment. Once the units are credited to your Demat, you will receive an SMS from the Depository.
Please note that only after all the units are allotted will the SGB be listed in the market. Nobody can trade in these units until then.
You can read more on this link.
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It’s updated.
Dmat and kite showing them.
Can I sell those?
If yes, how can I?
And is it good to sell or just keep them there