Page 2 - Gold Bonds

RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years

The central bank's gold reserves stood at 705.6 tonnes as on June 30. The gold reserves were at 558.1 tonnes in the beginning of 2018

Investors should use correction to build exposure to gold: Analysts

Your portfolio needs a hedge against the risks of growth slowdown and inflation

Govt mobilises Rs 31,290 crore from Sovereign Gold Bond Scheme: FM

The government has collected Rs 31,290 crore from Sovereign Gold Bond (SGB) Scheme since its launch in 2015, Finance Minister Nirmala Sitharaman informed Parliament on Monday.

Gold bond sales gain momentum in India's second wave of Covid-19 infections

Lockdowns to contain the disease have eased, but still many customers are putting their money on such instruments.

Sovereign Gold Bond Scheme IV: Issue price fixed at Rs 4,807 per gram

The issue price for Series III, which was open for subscription during May 31 to June 4, 2021, was Rs 4,889/gm.

Gold bond issue price fixed at Rs 4,889 per gm; subscription opens Monday

The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 31, has been fixed at Rs 4,889 per gram of gold, the Reserve Bank of India (RBI) said

Sovereign gold bonds sales fetch Rs 25,702 crore till March end

A total of Rs 25,702 crore has been raised through the Sovereign Gold Bond (SGB) Scheme since its inception till end-March, according to the RBI annual report released on Thursday. The scheme was launched in November 2015 with an objective to reduce the demand for physical gold and shift a part of the domestic savings -- used for the purchase of gold -- into financial savings. In 2020-21, RBI issued twelve tranches of bonds for an aggregate amount of Rs 16,049 crore (32.35 tonnes). "A total of Rs 25,702 crore (63.32 tonnes) has been raised through the scheme since its inception in November 2015," the annual report said. In the current fiscal, the government has decided to issue the bonds in six tranches from May 2021 to September 2021. The Reserve Bank of India (RBI) issues the bonds on behalf of the Union government. The subscription for the second tranche of scheme ends on Friday. The third tranche or 2021-22 Series III will open for subscription from May 31 June 4. The first

Gold price slides 2% to three-week low on strong US dollar, yields

The dollar index jumped to a more than four-month high, making greenback-denominated gold more expensive for holders of other currencies.

Hold on to sovereign gold bonds as prices may rebound, say experts

Premature withdrawal results in taxation of capital gain, while corpus received at maturity is tax-free

Govt to offer discount for using digital mode under gold bond scheme

The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode

Sovereign Gold Bond scheme a good hedge against rupee, rising inflation

The SBG has an eight-year maturity period, with redemption allowed after five years.

Next tranche of gold bond opens on Aug 31, issue price at Rs 5,117/gm

The Sovereign Gold Bond Scheme 2020-21 series VI will open for subscription on August 31, 2020 and close on September 4, 2020

Investing in sovereign gold bond scheme at high prices could be risky

Entering this long-term instrument could cause distress if the rally ends in some years

Are sovereign gold bonds a good idea?

Though SGBs were launched in November 2015, almost 35 per cent of the amount mobilised is in the current financial year

RBI fixes Sovereign Gold Bond price at Rs 4,852 a gram, issue opens July 6

The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened for subscription for the period between July 6 and July 10

Gold price rises in India with little demand for the physical metal

Gold ETFs, sovereign bonds drive yellow metal to new high of Rs 48,380 despite little demand

Sovereign gold bond sale in May at Rs 1,168 cr, highest since launch

Record sale by value attributable to the high price of the metal in Indian markets.

Govt posts third-highest mop-up ever in gold bond sales this April

Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal

Is this a good time to invest in gold bonds? Yes, but do it wisely

The advantages are plenty. There are no hassles such as purity checks, making charges, and locker charges

Explained: How capital gains from different forms of gold are taxed

If you hold gold bonds until maturity, the capital gains are exempt from tax