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.
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