The subscription period for 2021-22 Series-VII will be of 5 days starting today
Sovereign gold bonds: If you hold your SGB investment for eight years, all your capital gains will be tax-free.
Sovereign Gold Bonds are substitutes for holding physical gold. The RBI issues these bonds on behalf of the government periodically.
A simple rule to follow about your investments is to only invest in assets when you're comfortable with the risks associated with them.
Money9 has exclusively listed out reasons why investors should consider investing in sovereign gold bond schemes.
Sovereign Gold Bond Scheme: It is priced at Rs 4,790 per gram; a discount of Rs 50 per gram will be offered if applied online.
The tenure of the bond is for a period of 8 years with an exit option after the fifth year to be exercised on the next interest payment dates
The issue price for the sovereign gold bond scheme IV has been fixed at Rs 4,807 per gram of gold.
The Reserve Bank had issued 12 tranches of SGB for an aggregate amount of Rs 16,049 crore (32.35 tonnes) during 2020-21.
The redemption price for the early redemption of SGB Tranche I, issued in November 2015, will be Rs 4,837 per unit of SGB, RBI said