For those wishing to make a long-term investment in the precious metal through a financial vehicle, gold bonds can be a good choice. Gains, if any, are tax-free for investors who are eager to hold on until maturity.
The Sovereign Gold Bond Scheme 2023–24 Series I has officially begin, according to the Reserve Bank of India. It will start on June 19 and end on June 23.
SGBs frequently follow the cost of one gramme of gold. Investors will purchase them for Rs 5,926 each. Investors who apply and pay using digital methods receive a Rs 50 per gramme reduction; in these circumstances, the issue price is Rs 5,876. Investors will receive 2.5 percent interest on SGBs, payable every six months.