Sovereign Gold Bond scheme 2023-24: 1st tranche opens for subscription from Monday; 8 reasons to buy Read more at: https://economictimes.indiatimes.com

 

Synopsis

The Indian government is launching the Sovereign Gold Bond Scheme (SGB) 2023-24, Series I, opening for subscription on 19 June, with a nominal value of INR5,926 ($92.5) per gram of gold. Online subscribers are also eligible for a discount of INR50 per gram. Subscriptions end on 23 June. SGBs offer several advantages over physical gold, including an interest rate of 2.5% on capital appreciation, capital gains tax exemption after eight years of eight years of investment, guarantee against default, and high liquidity via exchange trading, said personal finance expert Jitendra Solanki.

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https://economictimes.indiatimes.com/markets/bonds/sovereign-gold-bond-scheme-2023-24-1st-tranche-opens-for-subscription-from-monday-8-reasons-to-buy/articleshow/101078509.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst