INSUBCONTINENT EXCLUSIVE:
Gold bonds enable investors to park their funds in non-physical gold and even earn interestThe fifth tranche of government-run Sovereign
The gold bond scheme will be available for investment from August 3 to August 7, and then from August 31 to September 4
Gold prices in the country have stayed at record highs for past few weeks, Under the Sovereign Gold Bond programme, the Reserve Bank of
India issues bonds liked to the market price of gold on behalf of government
DatesThe Sovereign Gold Bonds, which have already opened for subscription for five days each four times this financial year, will be
available for 10 more days on the following dates:SeriesSubscriptionIssuance DateV (2020-21)From August 3 to August 7August 11VIFrom August
31 to September 4September 8(The first series of Sovereign Gold Bonds 2020-21 opened for subscription for five days in April)Issue PriceFor
window provided by Mumbai-based India Bullion and Jewellers Association (IBJA)
The fourth tranche, which was open for subscription from July 6 to July 10, was available at an issue price of Rs 4,852 per gram.DiscountA
interest at a rate of 2.50 per cent per annum
However, individual investors are exempt from paying taxes on the capital gains arising out of redemption
programme are locked in for eight years
trusts, universities and charitable institutions can invest in the SGB scheme.How To BuyGold bonds can be bought from the designated
branches of banks and post offices, through stock exchanges BSE and NSE, and the Stock Holding Corporation.
