Here’s some exciting news for gold enthusiasts: the second tranche of the Sovereign Gold Bond (SGB 2023-24 Series II) is set to open for public subscription from September 11 to September 15. This presents a golden opportunity to acquire gold at an affordable rate. The Reserve Bank of India (RBI) has fixed the issue price of the Sovereign Gold Bond at Rs 5,923.10 per gram for this series. These bonds are issued by the RBI on behalf of the Indian government.
How to Invest in Sovereign Gold Bond Series II
Investors looking to seize this opportunity can do so through various channels. The Sovereign Gold Bond Scheme 2023-24 Series II is available for purchase through banks, the Stock Holding Corporation of India Limited (SHCIL), designated post offices, and recognized stock exchanges like the NSE and BSE.
Tax Benefits and More
Investing in Sovereign Gold Bonds offers numerous advantages. Beyond acquiring gold at an economical price, investors can benefit from tax exemptions on capital gains if they hold the bonds until maturity. This feature adds to the attractiveness of Sovereign Gold Bonds as an investment avenue.
Don’t miss this window to invest in gold without burning a hole in your pocket. With the second tranche of the Sovereign Gold Bond Series II opening soon, you can make a smart move towards securing your financial future with the allure of gold.