Sovereign Gold Bonds

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

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

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

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

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

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.

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

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

The next tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from October 25, the finance ministry said in a statement on Thursday

PNB is also offering a full waiver of service charges/processing fee on the loans against gold jewellery and SGB, similar to home loans and vehicle loans announced recently

Your portfolio needs a hedge against the risks of growth slowdown and inflation

The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from May 31, has been fixed at Rs 4,889 per gram of gold, the Reserve Bank of India (RBI) said

Investors seeking to benefit from this uptrend need to understand the pros and cons of the various investment options available to them

The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said on Friday

Premature withdrawal results in taxation of capital gain, while corpus received at maturity is tax-free

So far, FY21 has seen sale of 32.4 tonnes worth of sovereign gold bonds and 13 tonnes of exchange-traded funds

The new series of Sovereign Gold Bonds 2020-21 will be opened for the period March 1-5, 2021

The issue price for the next series of sovereign gold bonds has been fixed at Rs 5,000 per gram of gold, the Reserve Bank of India said in a statement on Thursday.

August sales were the highest ever in a month since launch

The SBG has an eight-year maturity period, with redemption allowed after five years.