Sovereign Gold Bond scheme opens for subscription today: 10 points
1) The subscription period for 2021-22 Series-VII will be of 5 days starting today.
2) The issue price has been fixed at ₹4,765 per gram of gold.
3) The issue price of the gold bonds will be ₹50 per gram less for those who subscribe online and pay through digital mode.
4) The bonds will be sold through banks (except small finance banks and payment banks), Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and recognised stock exchanges (National Stock Exchange of India and Bombay Stock Exchange).
5) The tenure of the bond will be for a period of eight years with an exit option after the fifth year to be exercised on the next interest payment dates.
6) These bonds are traded in the secondary markets.
7) The investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value
8) The minimum permissible investment will be 1 gram of gold.
9) The maximum limit of subscription shall be 4 kg for individuals, 4 Kg for HUF and 20 kg for trusts and similar entities per fiscal (April-March).
10) SGBs held till maturity attract no capital gains tax. In case the SGBs are sold before the maturity date on the exchanges, the capital gains will be levied at the applicable rates. Interest earned from SGBs is taxable as per the investor’s tax slab.
Title and body of the article has been copied from https://www.livemint.com/market/commodities/sov...
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Last updated by: Rosh_0007
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You guys are on TV 
#Keep rocking & rolling. 
@kukdookoo
@bikidas2060 can you please share any knowledge link/insights of Sovereign Gold Bond scheme .
We have 2 FDs scheduled for renewal today, shall i consider bond over FD? I am getting 6.5% and expected lock-in period in 12-18 months.
Edit – Visited some sites. tenure is 8 years with exit at 5th year. hard pass as of now.
You can also sale in the exchange market like any other shares, so is effectively liquid
It depends on return on gold plus 2.5% interest
If u hold till maturity, then no capital gains tax
@andromeda kya khyal ha is baare me paaji
Aapka khayal Prakash nai kiye 22g!!!
@bikidas2060
They give 95% of the spot price.
This is what I tried to explain in the earlier post. They don’t include custom duty in the exchange value which is a loss for us then gst is also deducted. so, even after discount we are letting go of around 15% easily. but it doesn’t matter if it was held for a long duration 8-10 years.
That 3-6% is called spread. One can easily verify this by going to Paytm/ PhonePe gold investment place thingy.
Btw, why are you telling Kalyan Jeweler’s items bad? Any particular experience?
SGB is best for gold , dont go all in invest like SIPs
Is it that returns guaranteed min 2.5% and max is depending on gold appreciation??
@bikidas2060 Any previous statistics or info how much returns were earned although I know gold price was rocket obviously in last 10 years
Gud way to invest in gold
is Gold Cash legit?
https://goldcash.co/se...e/
@kukdookoo @MrKool_JJ @Sudarshan61 @panchabhut @raman12 @dharmanath481 @andromeda
These kind of services are pretty much similar in functioning.
I’ve come across https://www.atticagoldcompan...m/ covering a few states in south. From what I’ve heard/read they charge 3% service charges.
If one goes for selling 1gm 24kt gold, and the market rate is at 5000 (excluding taxes), the person gets 4850 INR in return. 3% goes to attica.
Best way to invest in gold – https://www.investpotato.com/2020/05/is-your-go...
congrats 4 ur site. are u a registered financial advisor?
@bikidas2060 bhai cha gye aap to… 🥳🥳
Arey I didn’t know that my article got featured in DD’s channel. I wish I had done this article a bit of justice only if I knew this in advance. I have merely copied and pasted from livemint article. 🐒🐒 Thanks God that I have a habit of citing the source.
@admin @bumblefoot @anthrax.ut @Priyanka @MJ911 @Rosh_0007
Thanks for featuring this article. 🙂
I noticed some irregularities in the video wrt my comment.
I mentioned FDs are safest avenue considering the dimer @TempAcc requirements. But in the video it is kind of generalized meaning FDs are best instead of SGBs. Please ensure such things are taken care in future content.
IMO one need to be extra careful when passing on the information in videos. The contents in videos are much contagious than a blog.
@bikidas2060 bhai SGB interest would be taxable na? 2.5% wala part
Yes bhai.
The interest on Sovereign Gold Bonds is taxable as per the provisions of the IT Act, 1961. In the case of SGB redemption, the capital gains tax applicable to an individual is exempted. Source: https://cleartax.in/s/sovereign-gold-bonds#:~:t....
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@MrKool_JJ @malikcool @guest_999 @kukdookoo @shh_my_dog_is_sleeping @MJ911 @bumblefoot @rajrocks @AyushiiiVijay @Wontdisplaymyname @Priyanka @Floriya
Guys check this. This is a good thing. Share your opinions too 🙂