Sovereign Gold Bond Scheme: The sixth series of Sovereign Gold Bond Scheme is starting from August 30, 2021. You can invest in this till September 3, 2021. The issue price for Sovereign Gold Bond (SGB) has been fixed at Rs 4,732 per gram. If you are thinking of investing in gold then this is your good chance. State Bank of India (SBI), the country’s largest state-run bank, has told customers 6 big benefits of investing in Sovereign Gold Bond. On buying gold bonds through SBI, you will get a discount of Rs 500 per 10 grams.
Sovereign Gold Bond Scheme: The sixth series of Sovereign Gold Bond Scheme is starting from August 30, 2021. You can invest in this till September 3, 2021. The issue price for Sovereign Gold Bond (SGB) has been fixed at Rs 4,732 per gram. If you are thinking of investing in gold then this is your good chance. State Bank of India (SBI), the country’s largest state-run bank, has told customers 6 big benefits of investing in Sovereign Gold Bond. On buying gold bonds through SBI, you will get a discount of Rs 500 per 10 grams.
These benefits will be
- Assured Return Nature- Investors of Sovereign Gold Bond will get interest at the rate of 2.5% per annum every year. This interest will be available on half yearly basis.
- Exemption from Capital Gains Tax: No capital gains tax will be levied on redemption.
- Loan Facility: Can be used as collateral for loan.
- No Storage Problem: Safe, no storage problem like physical gold.
- Liquidity: Can trade on exchanges.
- Exemption from GST, Making Charges: Unlike physical gold, there is no GST and no making charges.
- SBI is trying to tell that one should not invest in Sovereign Gold Bond Scheme only keeping an eye on the returns. Other savings should be taken into account while investing in this Government of India-backed gold investment scheme.
