Sovereign Gold Bonds Trading

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

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,440, Rs 66,290, and Rs 66,890, respectively

The government launched the first SGB in November 2015, and the first two issues have matured giving significantly high tax-free returns to investors

Sovereign Gold Bond Scheme was launched by the government in November 2015, under Gold Monetisation Scheme

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

RBI on Friday announced that the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 6,199 per gram .

The Reserve Bank of India (RBI) on Friday announced that the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 6,199 per gram and will open for subscription on December 18 for five days. The Sovereign Gold Bond (SGB) Scheme 2023-24 - Series III will be open for subscription during December 1822, 2023. 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. In a statement, the RBI said the nominal value of the bond based on the simple average closing price for gold of 999 purity works out to Rs 6,199 per gram. The central government, in consultation with the Reserve Bank, has also decided to offer a discount of Rs 50 per gram less than the nominal value to those investors applying online and

People who invested in the first series of Gold Bonds are about to get bumper returns on their invested. The first Gold Bonds were released in Nov 2015 at Rs. 2,684 per gram.

The Reserve Bank of India (RBI) on Friday said the price for premature redemption of Sovereign Gold Bonds (SGBs), due on November 20, will be Rs 6,076 per unit. "The redemption price for the premature redemption due on November 20, 2022 shall be Rs 6,076 per unit of SGB, based on the simple average of closing gold price for three business days -- November 15, 16, and 17, 2023," the RBI said. SGBs are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The bond is issued by the RBI on behalf of the Government of India. As per the government notification on SGB issued on January 14, 2016, redemption may be permitted after the fifth year from the date of issue of such gold bonds on the date on which interest is payable.

Sovereign Gold Bond (SGB) price has been set at Rs 5,923 per gram for the September 2023 series, which opens for subscription today and closes on September 15, 2023.

Sovereign gold bonds (SGBs) remain the best way to take exposure to gold due to additional 2.5% per annum interest and no capital gains tax. There are no annual recurring expenses while capital gains

The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from August 30, has been fixed at Rs 4,732 per gram of gold, the RBI said

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

Investors seeking to benefit from this uptrend need to understand the pros and cons of the various investment options available to them

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

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

In the July SGB issue, bonds equivalent to gold worth 4.13 tonnes were sold, according to the official data

Moody's now expects growth in G20 group of top world economies to stay around 2.6% next year, after 3% in 2018.

Main objective was to reduce demand for physical gold, shift part of savings into financial savings

Sovereign Gold Bond Scheme 2017-18: Series II was announced by the Government of India on July 6