Sovereign Gold Bond: The 11th series of sovereign gold bonds is opening for investment from February 1. This series will be open for investment from February 1 to February 5. This time the government has fixed the issue price of Rs 4912 per gram i.e. Rs 49120 per 10 gram for the gold bond. At the same time, if you buy gold bonds online, then there will also be a discount of 50 rupees on every gram. For online investors, the issue price will be Rs 4862 per gram i.e. Rs 48620 per 10 gram. Let us know that the government has brought this series of sovereign gold bonds when gold is selling at a discount of about 7000 rupees from its record high this year. Expert says that Sovereign Gold Bond is a better option for those holding gold in the portfolio.
Nominal value Rs 4912
RBI has said that the nominal value of the bond has been fixed at Rs 4912. The bond price has been determined by the Indian Bullion and Jewelers Association Limited (IBJA) based on the average closing price of gold of 999 purity between January 27 and 29. Explain that the issue price for the Series 10 Gold Bond issued earlier was Rs 5104 per gram. The issue was open to subscription from January 11 to January 15.
Where can you buy gold bonds?
The investor must have PAN with every SGB application. You can buy gold bonds online. Apart from this, it will also be sold through banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and stock exchanges like NSE and BSE. They are not sold in small finance bank and payment bank. The settlement date of these bonds is till 9 February 2021.
How much can you invest
In a Sovereign Gold Bond Scheme, a person can buy up to 400 grams of gold bonds in a financial year. At the same time, the minimum investment is one gram. At the same time HUFs will be able to invest up to 4 kg in a financial year, while trusts will be able to invest up to 20 kg in it.
What are the benefits of gold bonds?
- It is tax-free on gold bond maturity. At the same time, the expense ratio is nothing. Being supported by the Indian government, there is no risk of default.
- It is also a better option for HNIs, where it does not have to pay capital gains tax to hold till maturity. Equity attracts 10% capital gains tax. In such a situation, it is proving better in long-term investment options.
- It is easier and safer to manage gold bonds than physical gold.
- There is no hassle of purity in this and prices are decided on the basis of pure gold.
- It has easy exit options. Against gold bonds, the facility is also available.