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