The 4th tranche of the Gold Sovereign BondsSGB is currently available for subscription in 2023-24. The issue price has been fixed at 6,263 per gram for this tranche. However, the discount of 50 paise per gram will be given to investors who make their payments by electronic means and this reduces the issue price down to 6,213 paise.
Selling and Purchasing Options
Investors can choose from several different methods to sell their particular gold bonds to banks and other institutions. They can also buy bonds directly or with the help of agents. Some places where they can do this include post offices and stock exchanges.
Benefits of investing in Sovereign Gold Bond
Sovereign Gold Bond gives you an opportunity to earn money by investing in gold. You can earn interest on your investment, and if the price of gold increases, the value of your investment will also increase. When you want to sell your bonds, you don’t have to worry about storing physical gold or paying taxes on your earnings. And if you hold your bonds for a long time and then sell them, you can get an even bigger tax benefit.
Subscription Period and Issuance Date
People can sign up for this membership from February 12 to February 16, 2024. The start date for using the subscription is February 21, 2024.
Investment Protection in Sovereign Gold Bonds
Investing in Sovereign Gold Bond (SGB) provides greater security to your investment. The quantity of gold to be paid by the investor is fixed. This means that even if the market price of gold falls the investor will not lose the portion of the gold he paid for.
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