Sovereign Gold Bond Scheme 2023-24 Series II opens today; all you need to know

The price of the Sovereign Gold Bond for the September 2023 series has been established at  <span class='webrupee'>₹</span>5,923 per 10 grams.

Your Questions Answered: What are the pros and cons of investing in SGBs and how are they taxed?

Sovereign Gold Bonds are government securities denominated in grams of gold, providing an alternative to physical gold. They are stored electronically and have a lock-in period of 5 years.

Premature redemption of gold bonds 2016-17 Series I delivers CAGR returns of 9.7%. Details here

SGBs delivered an absolute returns of nearly 91 percent in 6.5 years and compound annual growth rate (CAGR) of 9.7 percent

Your Questions Answered: I am looking for a long-term investment for wealth preservation. Should I opt for SGB?

One can invest in gold in three different forms: Physical, exchange-traded funds (ETF) and sovereign gold bonds (SGB). 

Should you use Sovereign Gold Bonds to diversify your portfolio?

You can invest in SGBs as an additional investment but not to diversify your portfolio. The illiquid nature of SGB investments defeats the idea of regular investment diversification.

Your Questions Answered: What is sovereign gold bond scheme 2023-2024 and why should one invest in it?

Sovereign gold bonds are government securities denominated in grams of gold. They are issued by the Reserve Bank of India (RBI) on behalf of the Government of India (GOI).

New issue of sovereign gold bond scheme 2023-24 announced; all you need to know

The Government of India plans to release two sets of Sovereign Gold Bonds (SGBs) in the first half of the financial year, offering individuals an alternative gold investment.

SGB returns outpace those of ETFs: Report

Recent amendments in the Finance Bill, 2023, have rendered gold funds unattractive compared to sovereign gold bonds (SGBs), which enjoy capital gains tax exemption on the returns.

Your Questions Answered: I’m 60 and want to invest my gratuity amount in gold. Can you elaborate on the SGB scheme IV?

SGBs are a secure investment option backed by the Government of India, offering capital appreciation and interest rate of 2.50% annually. They offer several advantages over physical gold such as safety, zero risk of handling, easy exit options and cost-effectiveness.

Sovereign gold bonds are the best way to have exposure to yellow metal, says ICICI Direct

Sovereign gold bonds (SGBs) remain the best way to take exposure to gold, a recent report by brokerage house ICICI Direct Research suggested. This is due to an additional 2.5 percent per annum interest and no capital gains tax.

Top Sgbs News

personal finance

Sovereign Gold Bond Scheme 2023-24 Series II opens today; all you need to know

personal finance

Your Questions Answered: What are the pros and cons of investing in SGBs and how are they taxed?

personal finance

Premature redemption of gold bonds 2016-17 Series I delivers CAGR returns of 9.7%. Details here

personal finance

Your Questions Answered: I am looking for a long-term investment for wealth preservation. Should I opt for SGB?