Sovereign gold bond: Recession is almost spreading its tentalcles acorss the globe. Everyon one is looking for safe investment and gold is considered as the perfect hedge against the inflaton. If you are also mulling to buy physical gold as an investment, it is advised you to not do. Buying Sovereign Gold Bonds is any time better option, because it would provide you security from many risks like theft, fraud etc. You can consider buying these gold bonds from one of the listed commercial banks in the country.

What is sovereign gold bond?

Government securities denominated in grammes of gold are known as SGBs. They serve as a substitute for physical gold. The Bond is issued by Reserve Bank on behalf of the Government of India.

Sovereign Gold Bonds Price: The government has issued the third tranche of Sovereign Gold Bonds (SGBs). The subscription period for the Sovereign Gold Bond 2022-23 Series III tranche opened on Monday and will end on December 23. The next or the fourth tranche would be launched on March 14, 2023.

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Issue Price of Sovereign Gold Bond Scheme 2022-23

The issue price has been set by the Government of India at Rs 5,409. If you want to save Rs 50 per gram, buy or pay for SGB online. The government has decided to offer a discount of Rs 50 per gram less than the nominal value to investors who apply online and pay for the application through digital means.

The issue price of a Gold Bond for such investors will be Rs 5,359 per gram of gold.

How to buy SGBs?

Customers can apply online at the websites of the listed scheduled commercial banks, including the State Bank of India (SBI), HDFC Bank, and others.

Sovereign gold bonds can also be purchased from the Stock Holding Corporation of India Ltd (SHCIL), the Clearing Corporation of India Ltd (CCIL), designated post offices, and the NSE and BSE.

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Investment Limits

The smallest amount of gold that can be invested in SGBs will be one gramme. The maximum subscription limit for individuals is 4 kg, 4 kg for HUF, and 20 kg for trusts and similar entities per fiscal year (April-March), as determined by the government from time to time.

Tenure and Premature Redemption

The SGB will be in office for eight years, with the option of early redemption after the fifth year. Premature redemption can be done on the date on which interest is payable.

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