Sovereign Gold Bond 2023-24 Series IV to open on Feb 12: All you need to know
Upstox
1 min read • Updated: February 10, 2024, 10:46 AM
Summary
The Government, in coordination with the RBI, offers a discount of ₹50 per gram from the issue price to investors who apply online and make payments through digital mode
The Government of India, in accordance with Notification No.4(6)-B(W&M)/2023 dated December 08, 2023, announces the opening of subscription for Sovereign Gold Bonds 2023-24 (Series IV) from February 12 to 16, 2024. The settlement date is slated for February 21, 2024.
During the subscription period, the issue price of the Bond stands at ₹6,263 per gram, as confirmed by the Reserve Bank of India in their Press Release dated February 09, 2024.
The Government, in coordination with the RBI, offers a discount of ₹50 per gram from the issue price to investors who apply online and make payments through digital mode. For such investors, the issue price of the Gold Bond reduces to ₹6,213 per gram.
What are Sovereign Gold Bonds (SGBs)?
SGB or Sovereign Gold Bonds are government securities denominated in grams of gold, a great and safe alternative to holding physical gold. By investing in them you can benefit from gold price appreciation, get 2.5% guaranteed interest and enjoy tax benefits.
You can invest in SGB from Upstox mobile and web platforms