August issue saw record response; all eyes on festival season sales
Entering this long-term instrument could cause distress if the rally ends in some years
Though SGBs were launched in November 2015, almost 35 per cent of the amount mobilised is in the current financial year
In the July SGB issue, bonds equivalent to gold worth 4.13 tonnes were sold, according to the official data
Currently, transaction in paper gold is available in the form of exchange-traded fund
Even as physical demand is absent, investments in paper gold are pushing the price of the yellow metal to record highs
You are more likely to get one from a bank with which you already have a relationship
The industry should not be overregulated in the name of developing it or curbing black money
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