Sovereign Gold Bond 2017-18 Series II matures on July 28; investors to receive Rs 9,924 per gram along with interest. Here's how the returns stack up and what to check before redemption.
Indians' love for gold is rooted in culture and security, often being the only asset for rural families. Despite the government's efforts to curb hoarding, gold remains a strong investment
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
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
