Sovereign Gold Bond (SGB) 2023-24 (Series II): Who Should Invest?
Sovereign Gold Bond (SGB) 2023-24 (Series II): know all the details about it to decide if you should invest.
Sovereign Gold Bond (SGB) 2023-24 (Series II): know all the details about it to decide if you should invest.
A Sovereign Gold Bond (SGB) is a piece of paper issued (in digital form) by the Government of India with the following features. For every unit of SGB purchased, the investor will:
To know more about SGB as an investment, please read this list of detailed SGB-related FAQs: Frequently asked questions on Sovereign Gold Bonds (SGB): the complete guide.
Join the Arthgyaan WhatsApp community: You can stay updated on our latest content and learn about our webinars. Our community is fully private so that no one, other than the admin, can see your name or number. Also, we will not spam you.SGB is issued by the RBI periodically. This particular series or tranche is called Sovereign Gold Bond (SGB) 2023-24 (Series II). These are the details of this particular series:
The complete press-release is available here.
SGB is offered for purchase via most banks, post offices, stock exchanges like NSE/BSE (a demat account is needed) or via the Stock Holding Corporation of India Ltd (SHCIL).
If you have not invested in this tranche via the options above, you can buy SGB from the secondary market i.e. the stock exchange: How to buy SGB from the stock market?.
SGB gives you the exact return of gold price movement (as measured by the IBJA rate of 999 purity gold) that too tax-free plus 2.5% interest.
There are 3 main ways of buying gold in India:
Of these three options, SGB gives the highest return in case you buy gold as SGB: The Ultimate Guide to Which Type of Gold Gives the Best Returns.
The actual return from holding SGB will depend on the price of gold on the maturity date 8 years later and is completely unpredictable. RBI will guarantee that if you invest ₹5923 in this tranche today, you will get the 6-monthly interest but the money you will get will depend again on the IBJA gold rates at that time.
We see the following use cases for purchasing SGB:
This chart shows the complete history:
Chart: Arthgyaan • Source: RBI • Get the data
More details are available here: Sovereign Gold Bond (SGB): complete issue price history in India.
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This post titled Sovereign Gold Bond (SGB) 2023-24 (Series II): Who Should Invest? first appeared on 11 Sep 2023 at https://arthgyaan.com