Page 2 - Sovereign Gold Bonds

Last date to apply for new Sovereign Gold Bond (SGB) tranche today: Details

The bonds can be bought through agents or receiving officers (ROs), and applications must be submitted to branches during the weeks of subscription

SGB tranche III opens for subscription, will be available till Dec 22

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

Sovereign Gold Bond scheme 2023-24 tranche III: All your FAQs answered here

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

Reserve Bank of India sets sovereign gold bond issue price at Rs 6,199/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

2 sovereign gold bond tranches in the offing: How do SGBs differ from GMS?

The investors will receive an interest rate of 2.50 per cent per annum payable semi-annually on the nominal value. No capital gains tax has to be paid if redemption is done after maturity.

Govt to issue sovereign gold bonds tranche in December and February

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

2.5% interest, tax exemption on maturity make gold bonds attractive

But there's a lock-in of five years and investors lose tax exemption if they exit prior to maturity

RBI sets price for premature redemption of SGBs at Rs 6,076 per unit

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.

Gold buying: Can NRIs invest in the yellow metal? Here's a detailed guide

Gold, considered a safe-haven asset, offers a compelling investment prospect, especially in periods of increasing inflation and unforeseen market turbulence

Sovereign Gold Bond: 5 reasons to buy SGB as subscription date ends today

Sovereign Gold Bonds (SGBs) are one of the best investment options for those investing in gold. Here are the five reasons to buy SGB series-II. The last date for an SGB subscription is September 15

Sovereign gold bond tranche II opens today: Should you invest? We decode

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.

SGB issue price fixed at Rs 5,923 per gram, subscription to open on Sept 11

The Reserve Bank of India (RBI) on Friday said the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 5,923 per gram and will open for subscription from September 11. "The nominal value of the bond based on the simple average of closing price (for gold of 999 purity)... works out to Rs 5,923 per gram of gold," it said, while announcing the issue price of Sovereign Gold Bond Scheme 2023-24 Series II (second tranche). The government, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram less than the nominal value to investors applying online and making the payment against the application through digital mode. For such investors, the issue price of gold bond will be Rs 5,873 per gram, it said. The issue will be open from September 11-15, according to the statement. The bonds will be sold through banks, Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognised stock exchanges -- the NSE and the BSE. Th

Sovereign Gold Bond 2022-23: Series III subscription to open on Dec 19

The applications will close on December 23 and the Sovereign Gold Bonds will be issued on December 27

RBI to issue next tranche of sovereign gold bonds from Dec 19-23

The Reserve Bank will issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. Sovereign Gold Bonds (SGBs) 2022-23-Series III will open for subscription during December 19-December 23 and 2022-23-Series IV during March 06-10, 2023, the finance ministry said in a statement on Thursday. These bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. 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, and stock exchanges -- NSE and BSE. The tenor of the SGB will be for a period of eight years with an option of premature redemption after 5th year to be exercised on the date on which interest is payable, the ministry said. "The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annuall

First green bond to attract mix of local and foreign buyers: Bankers

The government intends to raise 160 billion rupees ($2 billion) via the issue in the January-March quarter.

Loans against sovereign gold bonds may help reduce borrowing cost: Experts

There's a five-year lock-in on SGBs and thereafter you may have to sell them at a discount, hence borrow

SGBs saw maximum traction in Covid-hit years; next tranche opens Monday

Investment in Sovereign Gold Bonds (SGBs) went up sharply during Covid-impacted years as investors looked for safer options amid volatility in equity markets

Premature redemption price of sovereign gold bond fixed at Rs 5,115/unit

The price for premature redemption of sovereign gold bond (SGB) due on Tuesday has been fixed at Rs 5,115 per unit, an RBI release said.

Reserve Bank of India to prematurely redeem sovereign gold bonds

The due date of premature redemption of the above tranche shall be February 8.

Buy gold on dips in the short term as a hedge against rising prices

Amid a global surge in inflation and rising crude oil prices, markets expect central banks to hike interest rates sooner than expected