Buy pure gold from government for only Rs 5359 from 19 to 23 December, know what is the price
Sovereign Gold Bond Scheme 2022-23: The government is selling gold to the people at a cheap price. This is the last chance of the year to buy cheap gold. From December 19 to December 23, it will be for only five days. The government is starting the sale of gold under the third series of the Sovereign Gold Bond Scheme 2022-23.....
Sovereign Gold Bond Scheme 2022-23: The government is selling gold to the people at a cheap price. This is the last chance of the year to buy cheap gold. The government is starting the sale of gold under the third series of the Sovereign Gold Bond Scheme 2022-23. Anyone can invest in it. This cell will be for only five days from December 19 to December 23. From here you can buy gold at a cheap price from the market.
RBI offers this scheme on behalf of the Government of India. The third series of Sovereign Gold Bond Scheme 2022-23 is starting from today. Under this scheme, the price of gold has been fixed by the Reserve Bank at Rs 5,409 per gram. If you want to invest in it, you can buy it now.
Where can I buy SGB?
Sovereign Gold Bond Scheme 2022 through commercial banks (Small Finance Banks, Payments Banks and Regional Rural Banks), Stock Holding Corporation of India (SHCIL), Clear Corporation of India Limited (CCIL), some post offices and stock exchanges- NSE and 23 can buy from BSE. On behalf of the Government of India, the central bank is also giving a discount of Rs 50 per gram to the people who buy gold through digital payment and online mode under this scheme. According to the RBI, such investors will have to pay Rs 5,359 per gram.
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When will the fourth series of SGB open?
The Finance Ministry on Thursday said that Sovereign Gold Bonds (SGB) 2022-23 for the fourth series will be open from 06 to 10 March 2023. Gold Bonds under this scheme have a tenure of up to 8 years and are allowed to exit the scheme after 5 years.
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Tax on Sovereign Gold Bonds (SGBs)
SGB has different tax rules. If held till maturity, gains from SGB are not taxed. However, investors can prematurely redeem SGBs after five years. If you keep the SGB invested for between five and eight years, the gains are treated as long-term capital gains. It is taxed at 20.8 per cent with indexation benefit.
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If SGBs are sold before three years, the capital gain is added to the income of the investor and taxed based on the applicable income tax slab. Further, the capital gains earned by investors on selling SGBs on the stock exchange after three years are long-term and are taxed at 20% along with indexation benefits.
