G-Secs: RBI introduces Retail Direct Mobile App where investors can buy and sell govt bonds. Check details

G-Secs: RBI introduces Retail Direct Mobile App where investors can buy and sell govt bonds. Check details

The Reserve Bank of India (RBI) on Tuesday introduced three new facilities for investors. Retail Direct Mobile App has been introduced to facilitate seamless and convenient access to the retail direct platform for retail investors and ease of transacting in government securities (G-Secs). With the launch of the retail direct mobile app, retail investors can … Read more

Akshaya Tritiya 2024: Gold ETFs, Sovereign Gold Bonds, physical gold, or gold stocks. What should be your pick this year?

Akshaya Tritiya 2024: Gold ETFs, Sovereign Gold Bonds, physical gold, or gold stocks. What should be your pick this year?

Today is Akshaya Tritiya or Akha Teej, which is one of the many auspicious days for buying valuable assets, such as gold, diamonds, vehicles, and others. The festival, just like Dhanteras during Diwali, is said to bring in good luck, success and prosperity if investments are made in certain assets. Buying gold on Akshaya Tritiya … Read more

SGBs premature redemption price: RBI says investors to get Rs 7,325 per unit

SGBs premature redemption price: RBI says investors to get Rs 7,325 per unit

Sovereign Gold Bonds premature redemption price: The Reserve Bank of India (RBI) on April 23 fixed the premature redemption price for Sovereign Gold Bonds (SGB) under the 2017-18 Series IV and 2018-19 Series II tranches. the central bank has set the premature price at Rs 7,325 per unit for the SGBs in these two series. … Read more

Investing in gold bonds, ETFs or assets? Here’s how you will be taxed in FY25

Investing in gold bonds, ETFs or assets? Here’s how you will be taxed in FY25

There is no doubt that investment in gold has never faded away despite the good performance of other asset classes. Since February, gold has demonstrated a remarkable yield of approximately 17 per cent. Correspondingly, the commodity’s value has reached unprecedented levels daily in both domestic and global markets, despite an ascent in US Treasury yields. … Read more

Sovereign Gold Bond 2023-24 tranche III: Here's how SGBs are taxed

Sovereign Gold Bond 2023-24 tranche III: Here's how SGBs are taxed

The Centre has recently launched the third series of Sovereign Gold Bonds (SGBs), which is pitched as a lucrative alternative to buying physical gold, for this financial year. The Sovereign Gold Bond Series 2023-24 Series III subscription period opened on December 18 and will close on December 22, 2023. Therefore, the date of issuance in … Read more

Sovereign Gold Bond 2023-24: Govt announces two more tranches; check dates, how to apply, payment modes, and more

Sovereign Gold Bond 2023-24: Govt announces two more tranches; check dates, how to apply, payment modes, and more

The Reserve Bank of India (RBI) recently announced two tranches of the Sovereign Gold Bonds (SGB) scheme 2023-24. The SGB 2023-24 Series III will be open for subscription from December 18-22. The date of issuance for this SGB tranche is December 28. The second tranche of the Sovereign Gold Bonds scheme will be open for … Read more

Sovereign Gold Bond scheme: 1st tranche of FY24 opens. Should you subscribe?

Sovereign Gold Bond scheme: 1st tranche of FY24 opens. Should you subscribe?

The Sovereign Gold Bond Scheme 2023-24 – Series I – has opened for subscription on Monday, June 19, and will close on June 23, with the settlement date of June 27. The issue price is Rs 5,926 per gram of gold while there is a discount of Rs 50 for those investors who subscribe to … Read more

Redemption of sovereign gold bonds expected to spike in FY24

Redemption of sovereign gold bonds expected to spike in FY24

Redemption under the government’s sovereign gold bond scheme is expected to jump five times from the FY23 level to ₹1,500 crore next fiscal, officials said. Investors would resort to greater redemptions next fiscal to take advantage of the elevated gold prices once the initial lock-in period is over for many of them. The scheme was … Read more