Gold Bond Scheme

Five-year mark triggers a windfall for gold bond holders, as the RBI opens an early exit window offering a capital appreciation at Rs 13,929 per unit

With the five-year lock-in period ending, investors in SGB 2019-20 Series VII can now opt for premature redemption

Sovereign Gold Bonds issued in 2018 and 2019 are set for premature redemption on July 1, offering investors over 200% return, plus tax-free gains and 2.5% annual interest.

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

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

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 government will issue a tranche of sovereign gold bonds (SGBs) this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while for Series IV is scheduled for February 12-16, a finance ministry statement said Friday. The Series I was open for subscription during June 19-23 and Series II during September 11-15. The SGBs will be sold through scheduled commercial banks (except small finance banks, payment banks and regional rural banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, National Stock Exchange of India Limited and Bombay Stock Exchange Limited. Price of SGB will be fixed in Indian rupees on the basis of simple average of closing price of gold of 999 purity, published by the India Bullion and Jewellers Association Limited (IBJA) for the last three working days of the week preceding the subscription period. The issue price of the SGBs will b

The Sovereign Gold Bond scheme flares today, allowing you to buy gold bonds at a fixed interest of 2.5-percent twice a year. Read this article to know everything about gold bonds

The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said on Friday

The new series of Sovereign Gold Bonds 2020-21 will be opened for the period March 1-5, 2021

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

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

The Sovereign Gold Bond (SGB) Scheme 2019-20 - Series VI will close for subscription on the day of Dhanteras that is October 25

The government mobilised Rs 3,060 crore from five tranches

Government has raised Rs 919 crore through the fourth tranche

Gold bonds have a lock-in period which prevents an investor from capitalising on the intermittent gain

RBI and Sebi have recently cleared trading in the new instrument

The price of gold for the first issue in November was Rs 2,682 a gramme and for the second, in January, Rs 2,600 a gramme

The scheme aims at reducing demand for gold in physical form and buy the commodity in demat or the paper form