Wonderful chance to purchase gold with the Sovereign Gold Bond; subscriptions begin on December 18

 Wonderful chance to purchase gold with the Sovereign Gold Bond; subscriptions begin on December 18

Wonderful chance to purchase gold with the Sovereign Gold Bond; subscriptions begin on December 18

Once again, there is a fantastic chance to purchase gold with Sovereign Gold Bonds. Investments may be made in it until December 22nd, with its opening on December 18th. Prior to investing, be well informed.

Sovereign Gold Bond: According to the Reserve Bank of India, the next series of Sovereign Gold Bond will go on sale on Monday, December 18, 2018. Investors may still make investments in it until December 22. You may invest in gold bonds for a period of five days. The price per gram for the offering has been set at Rs 6199. There will be an online discount of Rs 50 per gram for buyers. The set cost for each gram of them is Rs 6149.

Sovereign Gold Bonds are available where?

The schedule is offered for purchase via commercial banks, post offices, National Stock Exchange India Limited, Bombay Stock Exchange Limited, Share Holding Corporation of India Limited (SHCIL), Settlement Corporation of India Limited (CCIL), and specified post offices, should you like to participate as well. Will go. 

The next series runs from February 12 to 16

The next batch of Sovereign Gold Bonds is slated to release on February 12–16. The Government of India is represented by the RBI in issuing gold bonds. Only residents, trusts, universities, charity organizations, and Hindu Undivided Families (HUF) may purchase them. 

Advantages of Sovereign Gold Bonds:

 1. Interest paid half yearly at a rate of 2.5% annually

2. 3% GST on actual gold, not subject to GST

3. The option to switch to gold bonds as well

Choosing to borrow money secured by a bond

5. No purity issue

6. No taxes upon maturity

7. Keeping it at home is not a burden

Sovereign Gold Bond tax rule?

eight years of no capital gains tax upon withdrawal

Taxable interest is paid on gold bonds.

Tax on capital gains withdrawn before to maturity

Benefit of indexation on long-term capital gains when transferring bonds

How are prices set for Sovereign Gold Bonds?

- The 999 pure gold closing price on average

- Predicted on the three-day average IBJA price just before to the problem