Buy Sovereign Gold bonds from RBI 12th Tranche at 4612/gm for online application
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 the Capital gains tax, if held till maturity
https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=51197
Subscription Period Issue: March 1 to March 5, 2021
Issue Price per gram: ₹ 4,662/- ₹ 4,612/-( For Online applications)
Investment limit for Individuals: Minimum:1 gram Maximum:4 Kg*
Date of Issuance: Feb 26, 2021
Personal Opinion: -
Seems a good buy at this price considering it is at its lowest in the last 8-10 months. Also, the market is running a pretty high price so if it comes down then gold may go again up at old levels (not sure).
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