Connect with us

Business

Investors Flock to Sovereign Gold Bond Scheme Series IV as Record Subscription Expected

Published

on

Investors Flock To Sovereign Gold Bond Scheme Series Iv As Record Subscription Expected

The fourth series of the Sovereign Gold Bond Scheme has opened for subscription, offering investors an attractive opportunity to invest in gold at reduced prices. The issuance price for this series has been set at INR 6,263 per gram of 99.9% pure gold. Online investors benefit from an additional discount of INR 50 per gram.

Since the inception of the Sovereign Gold Bond Scheme in 2015-16, over 134 tons of gold have been sold under this financial product. The scheme appeals to investors seeking to save on import costs, making it a popular choice among gold enthusiasts.

The Sovereign Gold Bond Scheme, managed by entities such as the India Bullion & Jewellers Association (IBJA), the Stock Holding Corporation of India, and the Clearing Corporation of India, provides investors with a fixed interest rate annually. With its unique tax benefits, Sovereign Gold Bond remains a lucrative investment avenue.

Due to the success of the first tranche offering attractive returns and the growing interest in gold investments, the current business year is expected to surpass previous subscription records. The flexibility and tax advantages of the Sovereign Gold Bond Scheme attract a wide range of investors.

The flexibility to purchase Sovereign Gold Bonds through multiple channels, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), has expanded the reach of this investment option.

Rachel Adams

Times News Global es un portal dinámico de noticias en línea dedicado a brindar cobertura de noticias integral y actualizada en varios dominios, incluidos política, negocios, entretenimiento, deportes, seguridad, artículos, opiniones, medio ambiente, educación, tecnología y global. asuntos. Nuestro compromiso radica en compartir noticias que se basan en la exactitud de los hechos, la credibilidad, la verificabilidad, la autoridad y la profundidad de la investigación. Nos enorgullecemos de ser una organización de medios distintiva, guiada por los principios consagrados en el Artículo 19 de la Declaración Universal de Derechos Humanos. Al estar formados por un equipo de personas comunes y corrientes impulsados por una dedicación inquebrantable a descubrir la verdad, publicamos noticias sin prejuicios ni intimidación.

Recent Posts