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Chance to buy gold at Rs5,611 per gm ends today; know 7 reasons to invest in Gold Bonds

Gold Bonds: The fourth installment of the Sovereign Gold Bond 2022-23 series has been opened for subscription during the period March 6 to March 10, 2023. If we talk about the subscription settlement, then it will happen on March 14, 2023. The issue price of the Sovereign Gold Bond during this period will be Rs […]

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Sovereign Gold Bonds

Gold Bonds: The fourth installment of the Sovereign Gold Bond 2022-23 series has been opened for subscription during the period March 6 to March 10, 2023. If we talk about the subscription settlement, then it will happen on March 14, 2023. The issue price of the Sovereign Gold Bond during this period will be Rs 5,611 per gram. As also published by the Reserve Bank of India (RBI) in its press release on 3 March 2023. The Government of India, in consultation with the RBI, has decided to give a discount of Rs 50 per gram from the issue price to investors who apply online and make payment through digital mode. Such an investor. The issue price of the gold bond for those investors will be Rs 5,561 per gram.

Know 7 reasons to buy Sovereign Gold Bonds

  • If you buy Sovereign Gold Bonds 2022-23 You can track the price of gold
  • It is in electronic form it is prone to theft does not happen,
  • If you buy it then you get 2.5 percent interest
  • It can be sold easily because it is on the exchanges,
  • If you sell it after 5 years, then there is no capital gain on SGB
  • If you need loan, then you can pledge these bonds
  • It is issued by the government. Because of this there is no risk of default

Read More :-PETROL DIESEL PRICE, 10 MARCH 2023: BIG RELIEF FOR COMMONERS; KNOW CURRENT FUEL RATES OF YOUR CITY HERE!

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Better returns on Sovereign Gold Bonds

We have seen that the gold price gives much better returns in the long run, which is the Sovereign Gold Bonds 2022-23. There may be another reason to invest in it. Along with this, if its holding is more than 8 years, then no capital gain is applicable. Along with this, which is gold bond. These are kept in electronic form, hence there is no need to levy locker charges. Along with this, there is another advantage that there is no problem of theft. If you are into physical gold, then investing in Sovereign Gold Bonds 2022-23 Series IV can be a better option.

Read More :-PETROL DIESEL PRICE, 10 MARCH 2023: BIG RELIEF FOR COMMONERS; KNOW CURRENT FUEL RATES OF YOUR CITY HERE!

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Gold ETF is a better option

Gold ETF is also a better option. Which is meant to track the price of gold. But you do not get any interest rate on this. Along with this, gold is also a better hedge against the economy and stocks.

Read More :- Latest Business News

HISTORY

Written By

Divya Richa

Updated By

Manish Shukla

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