Sovereign Gold Bond

If the government does not issue new SGBs, the only option left is to buy this bond from the secondary market, i.e., from listed stock exchanges like BSE and NSE.

Due to global uncertainties, gold prices have soared almost 30 per cent since last Diwali, prompting consumers to explore alternative investment resources to meet their financial goals

You can prematurely withdraw your sovereign gold bond investment once it completes the fifth year

The central bank plans to redeem 30 tranches of these bonds between October 11, 2024, and February 7, 2025

There is no direct tax applied at the time of purchasing gold. However, authorities capture the details of the gold purchase through the PAN information provided at the time of the transaction

The price is around 4.5 per cent lower than the average price of the week before the Union Budget, which was presented on July 23. Gold prices dropped after a reduction in the basic custom duty

Investors have earned an annual interest rate of 2.5% over the past 8 years on Sovereign Gold Bonds

The government launched the first SGB in November 2015, and the first two issues have matured giving significantly high tax-free returns to investors

Sovereign gold bonds can be the best bet for those looking to protect their investments during market downturns.

The bonds can be bought through agents or receiving officers (ROs), and applications must be submitted to branches during the weeks of subscription

Sovereign Gold Bond interest rate: These bonds bear interest at the rate of 2.50% per annum on the amount of initial investment. Interest is credited semi-annually to the bank account of the investor

The interest on the Gold Bonds commences from the date of its issue, which has a fixed rate of interest at 2.75 per cent per annum on the amount of initial investment

People who invested in the first series of Gold Bonds are about to get bumper returns on their invested. The first Gold Bonds were released in Nov 2015 at Rs. 2,684 per gram.

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Sovereign Gold Bond (SGB) price has been set at Rs 5,923 per gram for the September 2023 series, which opens for subscription today and closes on September 15, 2023.

An exposure of 8-12% gold in the portfolio may be ideal to give the safety net to your portfolio in uncertain times

Sovereign gold bonds (SGBs) remain the best way to take exposure to gold due to additional 2.5% per annum interest and no capital gains tax. There are no annual recurring expenses while capital gains

The government has fixed the issue price at Rs 5,926 per gram of gold for the first tranche of the Sovereign Gold Bond Scheme 2023-24, which will open for subscription for five days from Monday. The issue will be opened for subscription during the period June 19-23, 2023, with the settlement date of June 27, 2023, the finance ministry said in a statement on Friday. The issue price of the bond during the subscription period would be Rs 5,926, it said. The government in consultation with the Reserve Bank of India has decided to allow a discount of Rs 50 per gram from the issue price to those investors who apply online and the payment is made through digital mode, it said. For such investors the issue price of Gold Bond will be Rs 5,876 per gram of gold, it added. The bonds will be sold through banks Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognised stock exchanges -- National Stock Exchange of India Limited and Bombay Stock Exchange Limited.

After witnessing the withdrawal of funds in the last three months, Gold exchange-traded funds (ETFs) attracted a net flow of Rs 165 crore in February, mainly due to a slight correction in local yellow metal prices. This was in comparison to a net outflow of Rs 199 crore registered in January, Rs 273 crore in December and Rs 195 crore in November. Prior to that, Gold ETFs attracted Rs 147 crore in October, data from the Association of Mutual Funds in India (Amfi) showed. "Despite witnessing outflows across most markets, Gold ETFs in India witnessed inflows in February. This was largely backed by a small correction in local Gold prices. The demand for ETFs largely arises when there is a correction in prices," Kavitha Krishnan, Senior Analyst Manager Research, Morningstar India, said. The demand for physical Gold in India is largely driven by festival and wedding season, she added. Also, the segment saw an increase in the number of folios by around 20,000 to 46.94 lakh during the pe

Those who desire liquidity should opt for a gold ETF having low expense ratio and high volume