SOVEREIGN GOLD BONDS TAXATION
Sovereign Gold Bond: Final redemption price of SGB 2016-17 Series III announced; check details
SGB 2016-17 Series III final redemption: The Sovereign Gold Bond (SGB) must be repaid eight years after its issuance. Therefore, the ultimate redemption date for this tranche will be November 16, 2024.
How you can pave path to prosperity with Gold ETFs
Gold has historically served as a hedge against inflation and economic distress, offering returns and mitigating risks when included in portfolios. While physical gold has drawbacks like storage risks and purity concerns, Sovereign Gold Bonds and Gold ETFs present viable alternatives with added benefits, including liquidity and lower costs.
The gold standard of investing: Choosing between ETFs, SGBs, and physical gold this Dhanteras
Today, as gold prices in India reach record highs of ?80,070 per 10 grams, many investors are evaluating the most effective ways to invest in this precious metal. Global geopolitical tensions and economic shifts are pushing up prices, offering Indian investors options among physical gold, Gold Exchange Traded Funds (ETFs), and Sovereign Gold Bonds (SGBs), each with distinct benefits and considerations.
Era of sovereign gold bonds (SGBs) likely to be over soon: Two alternative gold investment options for you
There hasn¡¯t been an official announcement for the 2024-25 series of SGBs so far. Over the past two years, only four tranches have been released. Further issuances are likely to be few and far between, if not abandoned altogether. So what is a suitable alternative for investors looking to bet on gold now?
Stocks or bonds or gold? Why Zoho's billionaire CEO Sridhar Vembu prefers the yellow metal
Zoho CEO Sridhar Vembu is concerned about the global economy, especially due to rising government debt and inflated stock market values. He warns that this could lead to either an inflationary or deflationary depression. Vembu prefers gold as a safer investment. Global public debt is projected to exceed $100 trillion.
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Gold ETFs get Rs 7,367 crore inflow in 2024 with no new gold bond issue in last 9 months
In 2024, Gold ETFs have seen a significant surge in inflows, reaching Rs 7,367 crore compared to Rs 2,919 crore in 2023, driven by limited issuance of new Sovereign Gold Bonds and geopolitical tensions. Experts recommend a cautious approach, allocating 8-10% of the portfolio to gold investments.
Sovereign Gold Bond: PNB¡¯s important announcement for SGB investors regarding maturity amount, interest
SGB Investment: Punjab National Bank (PNB) has notified that customers who have invested in Sovereign Gold Bonds (SGB) and RBI Bonds and have not received their interest, as well as those whose bonds have matured or are nearing maturity, need to visit their branch to address this issue.
ETMarkets Smart Talk | Physical vs. Digital Gold: Rajesh Cheruvu¡¯s advice for HNIs this Dhanteras
As we look towards the next Diwali, the outlook for Indian markets remains largely positive, despite recent volatility sparked by geopolitical tensions. Sensex and Nifty have hit fresh highs this year, supported by robust domestic institutional investments and rising retail participation.
FY25 gold bond float target may be cut again to below ?10,000 cr
The government is considering reducing its gold bond float target for 2024-25 to below ?10,000 crore, citing unfavourable market conditions and high borrowing costs. The record ?28,240 crore raised in 2023-24 through gold bonds has triggered a cost-benefit analysis, as investors flock to gold amid geopolitical tensions.
Buying gold? Here are 6 ways to buy and invest in gold this festive season
Buying gold as an investment can be approached in various ways. Here are some conventional and unconventional methods for purchasing gold during festivals.
SGB final redemption: This Sovereign Gold Bond tranche is up for final redemption today
Sovereign Gold Bond: The Reserve Bank of India (RBI) has announced the final redemption of SGB 2016-17 Series II, due on September 30, 2024. The SGB was initially issued on September 30, 2016. It has an 8-year tenure and can be redeemed prematurely after 5 years.
NRIs can now invest in Sovereign Green Bonds this new way; Know how the impact on taxation of gains
NRI SGrB: Non-resident Indians can now invest in Sovereign Green Bonds (SGrBs) through the International Financial Services Centre (IFSC) which is located in Gandhinagar, Gujarat. If you are an NRI, you might wander whether you should invest in SGrBs or Green Fixed Deposits or normal Indian government bonds (G-Sec). Read here to know more.
Investors return to Gold ETFs with no sovereign bonds in sight
Investors are increasingly turning to gold ETFs due to favorable tax changes, reduced customs duty, and the absence of new Sovereign Gold Bonds. Over the past four months, gold ETFs have seen significant inflows, driven by these factors and geopolitical uncertainties that are expected to keep gold prices strong.
SGB at 15% higher price on stock exchanges: Why you must factor in the taxation while trading SGB in secondary market
Sovereign Gold Bond (SGB): The price of gold bonds have shot up on the National Stock Exchange (NSE). According to Aksha Kamboj, VP of India Bullion & Jewellers Association (IBJA), "SGBs are trading in the stock market at 7-8% premium in anticipation of fear of more SGB tranches not being announced by the Government."
Sovereign Gold Bonds redemption: This SGB series is up for final redemption in September; check details
Sovereign Gold Bonds Redemption: Sovereign Gold Bonds (SGB) were introduced in 2015 to lower the demand for physical gold. Under the scheme, the investors will be issued a Holding Certificate. The bond tenure is 8 years and is eligible for premature redemption from 5th year.
How to buy Sovereign Gold Bonds (SGBs) from stock market?
Sovereign gold bonds can be brought from primary market during the window when government announces the dates or from secondary market from secondary market through the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
Sovereign Gold Bond: RBI announces SGB premature redemption dates for October 2024- March 2025, check details
Sovereign Gold Bonds (SGBs) are government securities that are denominated in grams of gold and are an alternative to holding physical gold. Note that premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds.
RBI buying back SGBs: Should you tender?
The Reserve Bank of India has decided to offer early redemptions for 30 Sovereign Gold Bond series maturing from October 2024 to March 2025. Investors can choose to withdraw early starting September 2024. Financial experts advise against early redemption to maximize benefits, as past bond holders earned an average return of 10.94%.
Sovereign Gold Bonds: Is GoI killing its Golden Goose?
The Indian government lowered the import duty on gold from 15% to 6%, attempting to save around ?10,000 crore before major SGB payouts. This move caused a rapid increase in gold purchases, pushing prices up. Concerns have arisen about future demand and prices given geopolitical tensions and possible economic shifts.
SGB redemption: How much investors lost and government gained due to custom duty cut on gold
Sovereign gold bond: According to Aksha Kamboj, VP, India Bullion & Jewellers Association, "Revenue loss to the government may be approximately Rs 26,000 crore due to customs duty cut but the same is likely to be compensated by import of gold through the official channel. The Government will benefit up to Rs 620 crore."
Sovereign Gold Bond 2016-17 Series I final redemption today: Investors to gain 122%; check SGB redemption price
Sovereign Gold Bonds (SGB) Redemption: Investors of SGB 2016-17 Series I are in for a bonanza as this SGB is being redeemed by the Reserve Bank of India at Rs 6938 per unit of SGB. This translates to a 122% absolute return over eight years. Read below to find how Zerodha users can redeem such SGBs.
Has government reduced SGB issuance this year? Know the loss on SGB maturity in FY25 due to custom duty reduction
Sovereign Gold Bonds: When the government announced a reduction of customs duty from 15% to 6% on Gold, the prices crashed by up to 9% in two days. A part of this fall in price is attributable to international price effect. However as a result of this, 2016-17 Series I SGB investors lost out a good earning opportunity. Read the story to know why.
SGB holders to earn 122% income from August 2016 issue as RBI sets redemption price at Rs 6,938/gram
Investors in the 2016-17 SGB Series I scheme have seen their investment grow by an impressive 122% (Rs 3,819) over the initial issue price of Rs 3,119 per gram. This excludes an additional 2.5% interest income provided by the government. The bonds, issued on August 5, 2016, mature eight years after their issue date.
SGB taxation in budget 2024: Changed capital gain tax on maturity, selling prematurely in RBI's buyback or on stock exchange
Budget 2024: Sovereign Gold Bond scheme investors are in for a rejoice because now if they are being held for more than 12 months, it is to be classified as a long term capital gains asset and be accordingly taxed. However if you hold it till maturity then it is tax free.
FY25 gold bond float target cut by 38%
Net issuances of the sovereign gold bonds (after factoring in redemption) are now pegged at ?15,000 crore in this fiscal, against ?26,138 crore in the interim budget and ?25,352 crore in 2023-24 (revised estimate). Harish Galipelli, director at ILA Commodities India, said a growing number of retail investors are now parking their investible surplus in equities, anticipating better returns.
Funds circling India debt risk being tripped Up by red tape
China's tax exemptions on bond investments set a precedent for India's sovereign debt market, likely attracting more foreign investors. The hurdles faced by outsiders in accessing the market include lengthy documentation, tax treaty variances impacting returns, and the need for registration via custodian banks for trading in certain bonds.
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