Key Points
The government along with the Reserve Bank of India (RBI) announced the Sovereign Gold Bond Scheme 202324 Series IV schedule for the fiscal year 2023-2024..
The current SGB tranche will close for subscriptions on February 16, 2024...
"In terms of Government of India Notification F.No.4(6)-B(W&M)/2023 and Reserve Bank press release dated December 08, 2023, the Sovereign Gold Bond Scheme 2023-24 - Series IV will be open for subscription during February 1216, 2024..
The nominal value of the bond based on the simple average of closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three working days of the week preceding the subscription period, i.e..
For such investors, the issue price of Gold Bond will be Rs 6,213/- (Rupees Six thousand two hundred and thirteen only) per gram of gold," stated an RBI press release dated February 9. 2024, stated the RBI in a press release issued on February 9, 2024...
You might be interested in
What is the last date to invest in the latest Sovereign Gold Bonds (SGB) tranche?
21, Dec, 23Latest Sovereign Gold Bonds tranche: The SGB Series 2023-24 Series III opened for subscription on December 18, 2023.
Today is last day to invest in Sovereign Gold Bonds (SGB) 2023-24 Series-IV: 8 important things to know
17, Feb, 24SGB Last Date: The Sovereign Gold Bonds (SGB) Series IV 2023-24 is open for subscription with an interest rate of 2.50%. Investors can purchase units of SGB, with tax exemptions and tradability. Investment limits apply, and the last date to invest is February 16, 2024. Eligible investors include individuals, HUFs, trusts, universities, and charitable institutions.
Last chance to invest in SGB for this FY: When is the last date to invest in Sovereign Gold Bonds 2023-24
14, Feb, 24The nominal value of the bond based on the simple average of closing price published by the India Bullion and Jewellers Association Ltd (IBJA) for gold of 999 purity of the last three working days of the week preceding the subscription period.
First sovereign gold bond (SGB) issue investors to get a bonanza on maturity
08, Nov, 23The first ever tranche of Sovereign gold bonds (SGB) issued by the Reserve Bank of India (RBI) is due for maturity this month. Going by the current trend of gold prices, the investors are likely to earn good returns on the investment made by them. The issue price of first SGB in 2015 was Rs 2,684 per gram.
Sovereign Gold Bonds up for final redemption in 2024: Tentative dates of SGBs up for redemption this year
26, Mar, 24SGB final redemption dates: This year, already two Sovereign Gold Bond (SGB) Schemes launched in 2016 have come up for final redemption. Let us see the tentative dates of SGBs up for financial redemption in 2024.
Double-digit returns likely on Sovereign Gold Bonds maturing next year; how much will early SGB investors
23, Dec, 23If you look at the historical data, investors of the Sovereign Gold Bond are in for handsome returns, very close to what is being earned from the stock market. There are five tranches of the gold bond that are going to mature in 2024. In terms of XIRR, the second tranche of the Sovereign Gold Bond will offer 13.44% returns at the current gold price. ET Wealth Online calculates how much returns you can expect from the Sovereign Gold Bond and whether you should invest or not.
Premature redemption of Sovereign Gold Bond: This SGB series doubled investors’ money in 5 years
11, May, 23The premature redemption price for Series I of the SGB 2017–18 has been announced by the Reserve Bank of India. The payment is due on May 12, 2023.