The Sovereign Gold Bond (SGB) Scheme 2019-20 - Series VI will close for subscription on the day of Dhanteras that is October 25
If you hold gold bonds until maturity, the capital gains are exempt from tax
Prime Minister Narendra Modi will address the 14th COP14 to United Nations Convention to Combat Desertification being held in Greater Noida
Avoid taking tactical exposure or looking for arbitrage opportunities in the listed bonds
The sovereign gold bonds are likely to help maintain the country's CAD as most of the demand for gold in India is met through imports.
The Sovereign Gold Bonds are being issued every month from October 2018 until February 2019 as per a specified calendar
SGBs are government securities denominated in multiples of gram of gold
Bonds would earn an interest of 2.5 per cent per annum, payable every six months on the nominal value
The annual ceiling will include bonds subscribed under different tranches during initial issuance by the government and those purchase from the secondary market
Govt in consultation with RBI has decided to offer discount of Rs 50 per gram to investors applying online and making payments digitally
Discount restricted; higher quantity investment allowed
BSE is prepared to permit on-tap selling of SGBs using the exchange's infrastructure
They're better as they pay interest and aren't taxed at maturity; but you need to invest long term
Applications for the bond will be accepted from April 24, to April 28, 2017
The issue price of the gold bonds will be Rs 50 per gram, less than the nominal value
This would be the last offering for the current financial year
The 5th tranche of sovereign gold bonds will open from tomorrow up to September 9
Premiums which used to be 10% to the spot market price of gold drop to 3-5%; subscription open till Friday
Closes 7% higher than the opening price on BSE
The first tranche of the bonds were issued at Rs 2682, and the first trade took place for 4 grams at Rs 2986, which is a nearly 11.5% premium, including interest