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Sovereign Gold Bond: Golden opportunity to invest in gold through Sovereign Gold Bond, subscription will open from December 18

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Sovereign Gold Bond: Once again there is a golden opportunity to invest in gold through Sovereign Gold Bond. It is opening from 18th December and investments can be made in it till 22nd December. Know complete details before investing.


Sovereign Gold Bond: Reserve Bank of India said that the next series of Sovereign Gold Bond is opening from 18th December i.e. Monday. Investors have the opportunity to invest in it till 22 December. Investment in gold bonds can be made for five days. The issue price has been fixed at Rs 6199 per gram. Those buying online will be given a discount of Rs 50 per gram. The price for them has been fixed at Rs 6149 per gram.

Where can you buy Sovereign Gold Bond?

If you also want to invest in it, then the schedule is sold through commercial banks, post offices, Share Holding Corporation of India Limited (SHCIL), Settlement Corporation of India Limited (CCIL), designated post offices, National Stock Exchange India Limited and Bombay Stock Exchange Limited. Will go.

Next series between 12-16 February

After this, the next series of Sovereign Gold Bonds is scheduled for 12-16 February. RBI issues gold bonds on behalf of the Government of India. These can be sold only to resident individuals, Hindu Undivided Families (HUF), trusts, universities and charitable institutions.

Benefits of Sovereign Gold Bond

1. Interest of 2.5% per annum, interest paid on half yearly basis
2. Not under GST, 3% GST on physical gold 3. Option of transfer to gold bond also 4. Option to take loan against bond 5.No problem of purity 6. No tax after maturity 7. No hassle of keeping it at home

Tax rule on Sovereign Gold Bond?

  • No capital gains tax on withdrawal after 8 years
  • Interest amount on gold bond taxable
  • Capital gains tax on withdrawal before maturity Indexation benefit on long term capital gains on bond transfer

How are Sovereign Gold Bond prices decided?

  • Average closing price of gold of 999 purity
  • Based on 3 day average price of IBJA immediately before the issue.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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