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Sovereign Gold Bond Latest News: Should I Buy To Make A Profit?Get the most profit, experts explain the strategy

Sovereign Gold Bond Today’s Latest News: Sovereign Gold Bond 2020-21 Series IX will be available for subscription starting Monday. The price of Sovereign Gold Bond is good, but you need to know what to do to get more profit. But should you buy? According to experts, sovereign gold bonds offer a good investment opportunity for investors who are willing to invest in digital gold. But do you know how to get the most out of your investment in Sovereign Gold Bond? Zee Business Expert’s Jitendra Solanki gives you tips on how to maximize your profits.

Tips from Jitendra Solanki, an expert on sovereign gold bond investment

Sovereign Gold Bond 2020-21 Series IX is available for subscription today. The subscription is open until January 1, 2021. The issue date of this Sovereign Gold Bond Tranche is January 5, 2020. The government issued a notice on this in October. The 2020-21 Series VII SGB was held from October 12-16, 2020 for a subscription by the Reserve Bank of India (RBI) on behalf of the Government of India. The next tranche was held from November 9th to 13th, 2020.

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Sovereign Gold Bond: How to Get the Most Profit

Importantly, Solanki said sovereign gold coins are a good investment option for anyone who is willing to invest in gold. This has the advantage of being exempt from capital gains income tax if you invest for eight years. Investors have the option of retiring after five years, but if they decide to retire within five years, they will not benefit from the income tax exemption.

Sovereign gold coin issue price

The issue price of sovereign gold coins is fixed at 5,000 rupees per gram of gold from the Reserve Bank of India. Sovereign Gold Bond Scheme 2020-21-Series IX will begin subscription from December 28, 2020 to January 1, 2021. “The nominal value of Bond is … 5,000 rupees per gram of gold,” RBI said.

Sovereign Gold Bond Redemption: When do I need to redeem?

Jitendra Solanki states that sovereign gold bond investors need to maintain an eight-year period during their investment. Solanki has revealed that the premature redemption of the Sovereign Gold Bond is a strict no-no.

Sovereign gold coins: what to keep in mind?

Experts said sovereign gold bond investors should know why they are thinking about investing. Also, the sovereign gold bond entry point is very important. Prices have risen over the last 8-10 years.


Investors need to buy only that amount of gold through a sovereign gold bond that does not upset the portfolio. He said the 5-10 percent allocation to gold is considered good.

They’re probably slightly higher than the SGB issued a year and a half ago, but he added.

Below is a list of the remaining tranche SGB issue dates.

SNo Tranche Subscription Date Issue Date

1. 2020-21 Series IX December 28, 2021-January 5

2. 2020-21 Series X 11-15 January 19, 2021

3. 2020-21 Series XI1-5 February 9, 2021

4. 2020-21 Series XII 1-5 March 9, 2021

Sovereign Gold Bonds are government securities built in grams of gold and are an alternative to holding physical gold. Investors must pay the issue price in cash and the bond will be redeemed in cash at maturity. Bonds are issued by the Reserve Bank on behalf of the Government of India.

Sovereign gold coin price

Sovereign Gold Bond payments can be made by cash payment (up to Rs 20,000) or through a transfer check, check or electronic banking. Gold Bond Sovereign Gold Bond issuance price is 50 rupees cheaper per gram when subscribing online and paying in digital mode.

Bonds are expressed in multiples of gold in the basic unit of 1 gram. The term of the bond is 8 years and after the 5th year there is an exit option that will be exercised on the interest payment date.

SGBs are restricted from being sold to residents, HUFs, trusts, universities and charities. The minimum permissible investment amount per fiscal year (April to March) notified by the government from time to time is 1 gram of gold, and the maximum subscription is 4 kg for individuals, 4 kg for HUF, 20 kg for trusts and similar entities. is.

Sovereign Gold Bond Latest News: Should I Buy To Make A Profit?Get the most profit, experts explain the strategy Sovereign Gold Bond Latest News: Should I Buy To Make A Profit?Get the most profit, experts explain the strategy

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