Gold outlook: The recent Budget’s decision to reduce the import duty on gold from 15% to 6% has left investors in paper gold feeling cheated. The announcement caused domestic gold prices to plummet by more than 8%, from Rs 74,080 to Rs 68,388 per 10 grams. Gold ETFs and sovereign gold bonds, which are linked … Read more
SGBs redemption 2024: The Reserve Bank of India (RBI) annually issues Sovereign Gold Bond (SGB) tranches, outlining their issuance and redemption dates. These bonds have an eight-year tenor but allow premature redemption after five years from the date of issue. According to ET, several SGBs from the 2016 series are up for final redemption in … Read more
Home Business Sovereign Gold Bonds CLOSING TODAY: How To Buy? Tax Benefits; All You Need To Know The Sovereign Gold Bonds Series IV 2023-24: Today is the last day to buy SGB 2023-24. Know its price, interest rates and tax benefits here. Sovereign Gold Bonds CLOSING TODAY: How To Buy? Tax Benefits; All You Need … Read more
Sovereign Gold Bonds: Investing in Sovereign Gold Bonds (SGBs) can be beneficial for individual investors seeking to protect their savings with gold. If the need arises to cash out prematurely, investors can do so without facing income tax on their gains. The premature redemption window opens for 21 days. Here’s how it works.According to the … Read more
Sovereign Gold Bonds Series IV (2023-24): The latest tranche of Sovereign Gold Bonds (SGBs) for the 2023-24 series is now available for subscription, marking the final opportunity for investors to participate in this year’s offering. According to ET, from February 12 to February 16, 2024, interested subscribers have a limited window to secure their investment.The … Read more
Sovereign Gold Bonds new issue: The fourth tranche of the Sovereign Gold Bonds (SGB) is now open for subscription. Investors can purchase the bonds at a price of Rs 6,263 per gram. Additionally, those who apply online will receive a discount of Rs 50 per gram, making the issue price Rs 6,213 per gram. The … Read more
New sovereign gold bonds (Sovereign Gold Bond Scheme 2023-24) have been announced by the Indian government in two parts, scheduled for December and February. The subscription period for the new SGB Series III will be from December 18 to 22, while Series IV will be available from February 12 to 16, according to an ET … Read more
Dhanteras 2023 digital gold buying guide: Investors who are interested in buying gold digitally this Dhanteras can consider investing in gold bonds or gold ETFs. However, according to an ET report, experts suggest that the decision should depend on an individual’s financial goal and risk profile. Gold Exchange Traded Funds (ETFs) offer the flexibility of … Read more