Why should you invest in Sovereign Gold Bond Scheme: If you are thinking of investing in gold, then you have a good chance. You can invest in sovereign gold bonds. It opened for subscription on Monday and will remain open till June 4. The price for the third installment has been fixed at Rs 4,889 per gram. The price for the second installment was fixed at Rs 4,842 per gram. There are many benefits of investing in Sovereign Gold Bonds. The country’s largest bank State Bank of India (SBI) has given 6 reasons on Twitter, for which you should invest in sovereign gold bonds.
These are the advantages of investment
It has a guaranteed return of 2.50 per cent per annum.
It is completely safe and there is no hassle of storage like physical gold.
These can be traded on the exchange.
Like physical gold, there is no GST or making charge.
They can be used as collateral for loans.
There is no capital gains tax on redeeming them.
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Where can I buy gold bonds
An investor applying to purchase SGB is required to have a PAN. You can buy gold bonds online. Apart from this, its sale is also being done 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 banks and payment banks.
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