Sovereign Gold Bond Scheme 2023 Today

The Sovereign Gold Bond Scheme: Another opportunity to invest in Sovereign Gold Bonds, buy gold at a lower rate than the market.

Sovereign Gold Bond

Sovereign Gold Bond Scheme 2023-24:

For those awaiting an opportunity to invest in gold, the Reserve Bank has announced the subscription date for Series-2 of Sovereign Gold Bonds (SGB). The RBI has stated that investors can invest in gold from September 11th.

New Delhi: Investing in gold has always been a profitable deal, as the price of gold consistently rises. If you also wish to invest in gold, the government has launched the second series of the Sovereign Gold Bond (SGB) scheme. Compared to market prices, gold bonds are cheaper, and discounts are also being offered on online purchases.

Sovereign Gold Bond (SGB) Series-2 for the fiscal year 2023 will open for subscription on September 11, 2023, and will close on September 15, 2023. The settlement date for this tranche of the Sovereign Gold Bond Scheme 2023-24 has been set for September 20, 2023, as per the Reserve Bank of India’s circular dated June 14, 2023.

Sovereign Gold Bond Scheme 2023-24 Series II
According to the Reserve Bank’s circular, the subscription for the Sovereign Gold Bond Scheme 2023-24 Series-II will be open from September 11 to September 15, 2023. The price of the gold bond before the subscription period, i.e., on September 6, 7, and 8, 2023, will be fixed at INR 5,923/- per gram of gold.

Discount on Online Payment
Investors applying online and making payments through digital modes, as per the Reserve Bank’s advice, will receive a discount of INR 50/- per gram, resulting in a price of INR 5,873/- per gram for the gold bond.

Where to Purchase Sovereign Gold Bonds
Sovereign Gold Bonds will be sold through listed commercial banks, Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), designated post offices, and National Stock Exchange

Payment Options for Gold Bonds
For investors who subscribe online and make payments through digital modes, the price of the Sovereign Gold Bond will be reduced by INR 50 per gram. Payment for the gold bond will be accepted in cash up to a limit of INR 20,000. Payments exceeding this amount must be made through demand draft, check, or net banking.

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