Page 3 - Sovereign Gold Bond

Sovereign Gold Bond scheme opens today. Should you subscribe?

With gold prices on a decline, thanks to a rise in bond yields - globally and in India - analysts say investing in the yellow metal and the SGB scheme makes little sense right now

RBI fixes sovereign gold bond issue price at Rs 5,051 per gram of gold

The Sovereign Gold Bond Scheme 2020-21-Series VII will be opened for subscription from October 12 to October 16.

Next tranche of gold bond opens on Aug 31, issue price at Rs 5,117/gm

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

Selling gold to raise cash? Know how to sell and the tax implications

Ideally you should sell it to the jeweller you bought the gold from, or a reputable retailer to get a better rate

Top headlines: Sale of residential units at 10-yr low, SGBs reach new high

Here are the top headlines of the day

Govt posts third-highest mop-up ever in gold bond sales this April

Physical sales were very limited due to the lockdown and sovereign gold bonds were one of the few avenues available to invest in the precios metal

RBI buys gold for forex reserves after 5 months, now holds 625 tonnes

The RBI buys gold to hedge the government's sovereign gold bond issue, launched in November 2015

Do sovereign gold bonds bought in secondary market make good investments?

SGBs are not very liquid. Buy only if you believe gold prices will remain strong and if you can hold till maturity; if you're a short-term investor, ETFs work better

Gold is old

In most schemes, where the monthly investment is a fixed amount, investors run the risk of the price of gold rising during the tenure of the recurring deposit

Top events today: Cabinet meet on Kashmir, Sengar in court and more

From Sitharaman to meet heads of public and private banks to Sovereign Gold Bonds subscription, Business Standard brings you top events of the day

Buy gold bonds at a discount on exchanges, but hold them until maturity

SGBs are better for taking exposure to gold than exchange-traded funds

Govt fixes Sovereign Gold Bond rate at Rs 2,945 per gram

Subscription for bonds runs from Monday to Wednesday every week

Govt fixes sovereign gold bond rate at Rs 2,971 per gram

For such investors, the issue price of gold bond will be Rs 2,921 per gram

Govt fixes rate at Rs 2,987 per gm for Sovereign Gold Bond

Under the scheme, the bonds are denominated in units of one gram of gold and multiples thereof

Sovereign gold bonds: Govt changes rules to get better response

On Friday, the central government announced changes that have increased the chances of sovereign gold bonds to succeed or to get a better response than in the past. The most important change is that these bonds will be available almost 'on tap', as the issue that opened on Monday will remain so till December 27. However, the issue will have weekly price fixation. According to what the Reserve Bank announced, bond subscription will open every Monday and close on Wednesday. The price will be the previous three trading days' average for 999-purity. The bonds sold between October 9 and 11 will be issued on October 16 and get listed on the stock exchanges two weeks after that. The bond that opened on Monday is priced at Rs 2,956 a gramme; for online investment, it is Rs 2,906 a gramme. They will again open for subscription on October 16 and remain so till October 18. This will continue till December 27, a Wednesday. The second important change is weekly price fixation. Over such a long ...

Gold bonds' popularity linked to investment demand

But govt's moves will provide more liquidity to SGBs in the secondary market

Cabinet raises sovereign gold bond investment limit to 4 kg per FY

To improve liquidity and tradability of SGBs, it said appropriate market making initiatives will be

More than Rs 820 cr expected to be realised through 5th tranche of Sovereign Gold Bonds

This was mobilised through over two lakh applications representing around 2.37 tonnes of gold

Why investors should invest in sovereign gold bond

The gold price rally is likely to continue. The investor also gets interest and tax benefit that make bonds a lucrative investment

Goldbond bidders to get 4% interest till funds transfer to RBI

SGB issue price has been fixed at Rs 3,119 per gram. An investor can invest for a minimum unit of one gram and a maximum of 500 grams