issue period 12-16 feb, 2024
special discount 50rs / gm on applying online
PRo:
assured returen of 2.50% pa (payable half yearly)
no gst and making charges unlike in physical gold
no capital gain taxon redemption
can be used as colateral for loans
can beheld in dematsand in tradable on exchanges
secure, no storage hasle like physical gold
Does anyone ever really need a gold bong?
why to buy from here, when you can buy in secondary market in cheap
Price is always higher than market rate of gold.
Well the bond is for 24k gold. The market rate available is usually for 22k.
If you want to invest for long term (8 yr lock in period) SGB is the best option for gold. Experts suggest 10% of your portfolio should be in gold.
Price decided from ibjarates.com (999 purity).
If someone wants to exit before that can be done via secondary? Is this a good option to invest?
Yes if you buy it demat format, you sell it anytime after it's your demat account.
But it's not a guarantee that you will be able to sell it at the price you want.
