InvestorQ : Can you tell me about the pricing of the next Sovereign Gold Bond scheme?
rhea Babu made post

Can you tell me about the pricing of the next Sovereign Gold Bond scheme?

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Riya Dwivedi answered.
4 months ago
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Here is what you need to know about the forthcoming Sovereign Gold Bond issue.

· The fourth tranche of the Sovereign Gold Bond Scheme 2021-22 be open for 5 days from 12 July to 16 July.

· The price has been fixed at Rs.4,807 per gram of gold with an additional discount of Rs.50 per gram for digital applications.

· The last issue of Series III in late May was priced at Rs.4,899 per gram. There will be 2 more tranches after the current issue, to complete 6 tranches by Sep-21.

· The bonds will be sold through banks, SHCIL, designated post offices and the NSE and BSE. However, small finance banks and payment banks cannot sell SGBs.

· These bonds will pay an interest of 2.75% per year, payable half-yearly and will be redeemed at the end of 8 years.

The capital gains are tax-free only if the bonds are held all the way till the date of maturity at the end of 8 years.
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