Though SGBs were launched in November 2015, almost 35 per cent of the amount mobilised is in the current financial year
The Sovereign Gold Bond Scheme 2020-21-Series IV will be opened for subscription for the period between July 6 and July 10
Gold ETFs, sovereign bonds drive yellow metal to new high of Rs 48,380 despite little demand
Record sale by value attributable to the high price of the metal in Indian markets.
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
The advantages are plenty. There are no hassles such as purity checks, making charges, and locker charges
If you hold gold bonds until maturity, the capital gains are exempt from tax
SGBs are better for taking exposure to gold than exchange-traded funds
If you wish to pick only small amounts, go discount hunting in the secondary market
Issue is priced at Rs 3.196 per gram, with a Rs 50 discount on cashless or net banking purchases
The most important change is that now bonds will be available virtually on tap as the issue that opened on Monday will remain open until December 27
Bonds are govt securities denominated in grams of gold
With 5 out of 7 tranches trading at discount, there is good opportunity for investors
Investors who had put money in sovereign gold bonds (SGBs) in the last four issues, would be sitting on losses at present. That's probably why the government has tried to sweeten the deal in the new tranche by offering a Rs 50 discount. The new SGB has a face value of Rs 2,893, a price that many analysts feel is attractive for investors.The last four trances of SGB came at a price higher than Rs 2,900 a gram. The third tranche issued in March 2016 had a face value of Rs 2,916 a gram. The fourth, fifth and sixth were higher at Rs 3,119, Rs 3,150 and Rs 3,007 for a gram respectively. According to a note from HDFC Securities, the returns on these would be negative, ranging between four per cent and 11 per cent, based on the trading price on the National Stock Exchange."We expect the gold price to remain range bound in the calendar year 2017. Any buying below Rs 2,900 a gram is attractive. We have a strong rupee at present, which automatically brings down gold prices marginally as it is ..
Invest in these for the long term; a Fed rate hike and an import duty cut by the government could trigger a correction in the next few months
In the short term, a possible Fed rate hike and an import duty cut by the government could trigger a correction
The amount realised through the fifth tranche of the SGB scheme is expected to cross Rs 820 cr
The rate was fixed based on the average of closing price of gold of 999 purity for the week July 11 to 15
Trading to start next month; investors can buy bonds from brokers when the issue is announced like an IPO
Seeks to tap the demand euphoria on that day; gold demand may be good on moderate prices