Unfortunately this deal has expired. Get notified of deals like this in the future.
Buy Sovereign Gold bonds from RBI 3rd Tranche at 4540/gm for online application
https://www.rbi.org.in/scripts/BS_PressReleaseD...
Sovereign Gold Bond (SGB) Features : –
1. Tenor of 8 years with an option to exit from the 5th year
2. 2.5% per annum Interest with asset appreciation opportunity
3. Convenience of investing online (Elimination of risk and cost of storage)
4. Exempt from Capital gains tax, if held till maturity
Subscription Period Issue : June 8 to June 12, 2020
Issue Price per gram : ₹ 4,677/- ₹ 4,627/-( For Online applications)
Investment limit for Individuals : Minimum:1 gram Maximum:4 Kg*
Date of Issuance : June 16, 2020
Personal Opinion : -
During last tranche of May 11-15 it was priced 4590 per gram (4,540 per ram for online) So it is 2% costlier this time. Also gold is going down since a week now so probably we could wait for next tranche to invest in SGB which is coming from July 6-10 probably.
*P.S. Last time’s personal opinion did hit on spot. This time it may not. 
*
The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below this year:
S. No. Tranche Date of Subscription Date of Issuance
1. 2020-21 Series I April 20-24, 2020 April 28, 2020
2. 2020-21 Series II May 11-15, 2020 May 19, 2020
3. 2020-21 Series III June 08-12, 2020 June 16, 2020
4. 2020-21 Series IV July 06-10, 2020 July 14, 2020
5. 2020-21 Series V August 03-07, 2020 August 11, 2020
6. 2020-21 Series VI Aug.31-Sept.04, 2020 September 08, 2020
Series 2 post (https://www.desidime.com/deals/buy-sovereign-go...)
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why will someone want 2.5 percent interest? I dont understand whats the use of investing in this..any FD also in any bank will give u better return than this.
Bro, it is to diversify your investment portfolio. In last 2 years gold has given 60% return. So dont see only 2.5% interest but also see return on gold investment.
In FD you can’t gain capital. Also if you hold it for 8 years then capital gain will be incometax free whereas you will have to give IT on FD interest which will anyways be ~5% in current situation.
@rajashankar It is much safer, gives 2.5% interest also with compared to physical gold.
Buying physical gold also increases import of India, so it is good in every way.
Also if people are so much certain that prices will go up definitely then why limiting to 10% percent of the portfolio?Why not invest the entire money in gold and gain returns?? Also if believing that the gold will give better returns you are also believing that 90 percent of your portfolio funds wont be giving good returns.
Bhai jab koi cheez sahi nhi pata toh kyu likhte? The other guy explained it so properly but you are replying as if you there is a debate going on. Being a Financial planner myself I totally agree with other guys view, whereas you are posting without knowledge.
Dimers, Ping me for doing online investment in SGB.
Bro, Its not a repost, price of SGB wasn’t decided by the time you posted.
Otherwise I had posted all the information of your post a month ago itself.
https://www.desidime.com/deals/buy-sovereign-go...
The Sovereign Gold Bonds will be issued in six tranches from April 2020 to September 2020 as per the calendar specified below this year
What’s this concept? Can someone explain plz , noob here!
Can’t we buy at anytime when we want?
This is to cover fluctuation of gold prices in market. You should buy whenever you feel like price is lowest or it will increase further by next series.
I don’t care whether gold is up or down..I’ll save in sgb bonds for my daughter’s marriage which may be more than 10 years now… buying gold coins will incur gst and locker charges..for that I can ready to pay tax on interest on 2.5% which is nominal than this..
My suggestion buy gold coins directly