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Buy Sovereign Gold bonds from RBI 2nd Tranche at 4540/gm for online application

Buy Sovereign Gold bonds from RBI 2nd Tranche at 4540/gm for online application

232°
Deal Lieutenant
Tera_Jija

https://www.icicibank.com/Personal-Banking/inve...
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 : May 11 to May 15, 2020
Issue Price per gram : ₹ 4,590/- ₹ 4,540/-( For Online applications)
Investment limit for Individuals : Minimum:1 gram Maximum:4 Kg*
Date of Issuance : May 19, 2020

Personal Opinion : -
During last tranche of April 20-24 it was priced 4639 per gram (4,589 per ram for online) So it is 1% cheaper this time. I think this is pretty good time to invest in it considering share market has started going down and gold price is gonna increase only now.

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

For more information regarding SGB check RBI website :
https://www.rbi.org.in/scripts/BS_PressReleaseD...

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Deal Cadet Deal Cadet
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Good info VU. Should it be in d&d section? @admin @MJ911 @Priyanka

Deal Cadet Deal Cadet
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All banks are giving at 4540/- in online option. What is new in this. Are you agent of icici? Hey admin, look into this.

Deal Lieutenant Deal Lieutenant
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smile smile bro, nothing is new, it is for information. this link is just for reference. You can buy from wherever you want. It was coming on first on google search so added its link. grinning stuck_out_tongue smile laughing
Deal Cadet Deal Cadet
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lockin period 8 years…buy physical gold instead of this

Deal Lieutenant Deal Lieutenant
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For physical gold you will be charged making charges, safety/storage is also a big concern. but in this case you will also get 2.5% interest annually + on maturity capital gains are tax free.

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Post Mogul Post Mogul
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buying a previous tranche from the market is more beneficial

Deal Lieutenant Deal Lieutenant
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Why so? because of lockin?
but you will have to pay capital gains tax in that case..!!

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Deal Lieutenant Deal Lieutenant
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Isse better me daily intraday me kama leta hu,

Post Mogul Post Mogul
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gold bonds me?  or MCX?

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Deal Subedar Deal Subedar
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As checked in zerodha or any other broker , the previously issued gold bonds have different prices at which they were trading in the secondary market . In what basis those prices are calculated and traded ?

Any one having idea about this please try to explain

Tnx

Super Stud Super Stud
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How to buy gold bonds from secondary market?

Deal Cadet Deal Cadet
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I also had same question in mind……good question sunglasses

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