Sovereign Gold Bond Scheme 2023-24 Series II: Today (Sept 15) is the last day to apply for the Sovereign Gold Bond (SGB) scheme 2023-24 Series 2. The SGB scheme Series II will be available for subscription with prices set at Rs 5,873 per gram of gold after a discount of Rs 50. Find out how to buy, price, features and comparison with previous tranches in this Business Today Visual Story.
Sovereign gold bonds are government securities denominated in grams of gold; they substitute for holding physical gold; SGB Series II Opens for Subscription Today: Check Price, Discount, Eligibility, Interest Rate, Tax
Updated Mar 04, 2021 | 06:06 IST
Other than the value appreciation of investment amount in SGBs with a rise in prices of gold over time, they also promise an interest rate of 2.5% on the invested amount. Sovereign gold bonds: Know about redemption options, maturity & taxation | Photo Credit: ANI
Series XII of the central government’s Sovereign Gold Bond (SGB) scheme 2020-21 opened for subscription on March 1, 2021. The twelfth issue of SGBs is priced at Rs 4,662 per gram of gold and are available for a discount of Rs 50 per gram.
SGBs, issued by the Reserve Bank of India (RBI), are government securities denominated in grams of gold. They are digital substitutes for holding physical gold. Investors pay the issue price in cash and the bonds will be redeemed in cash on maturity.