Bought at Rs 2,816 in 2017, the gold bond pays out Rs 13,563 at maturity
The series has delivered an exceptional simple return of 341%, setting a redemption price of Rs 12,801 per gram
Central bank pegs final payout at Rs 12,300 per unit for maturing gold bond issued in November 2017
Investors in the Sovereign Gold Bond 2018-19 Series-I can redeem early on November 4, 2025, at Rs 12,039 per gram.
The RBI has set the final redemption price for SGB 2017-18 Series-IV, offering investors an absolute return of 325% on their gold-linked bonds
Investors in Sovereign Gold Bond 2020-21 Series-VII can redeem early on Oct 20, 2025, at ₹12,792 per gram, yielding 153% return over five years
The 50:50 split is highly effective for those navigating competing responsibilities: supporting children, managing loans, and caring for elders, while dreaming of vacations and legacy.
The series have completed the mandatory five-year lock-in period and investors are allowed early exit
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
Gold rate in share market: Recovery in gold prices is being driven primarily by a sharp decline in the US yields and a retreat in the US Dollar Index
Scheme said to have outlived its purpose of reducing physical gold imports
The primary cause of the rupee's fall against the US dollar is the latter's broad-based strengthening against major global currencies
Latest data from the central bank shows that 510 metric tonne of gold is held domestically
Strong outlook for gold, absence of SGB issuances also among factors
Recently, SGB investors have expressed concerns due to market fluctuations and the government's decision to lower the customs duty on gold which may result in reduced returns on their investments
Sovereign gold bonds have caught the fancy of investors who bought Rs 27,031 crore worth of the bonds last fiscal, an amount more than four times invested in 2022-23 on the prospects of higher returns and tax benefits. The bonds bought by investors represented a whopping 44.34 tonne of gold during 2023-24. In 2022-23, Sovereign Gold Bonds (SGBs) representing 12.26 tonne of gold were purchased for Rs 6,551 crore. "The aggregate sum raised during 2023-24 amounted to Rs 27,031 crore (44.34 tonne)," said the annual report of Reserve Bank, which issues the bonds on behalf of the central government. During the fiscal ended March 2024, the bonds were issued through four tranches. Since the inception of SGB scheme in November 2015, a total of Rs 72,274 crore (146.96 tonne) has been raised through 67 tranches. The price of 24 karat per 10 gram of gold has gone up from about Rs 62,300 to Rs 73,200 in one year. SGBs are government securities denominated in grams of gold. They are substitute
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 67,640
The government launched the first SGB in November 2015, and the first two issues have matured giving significantly high tax-free returns to investors
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