Sovereign Gold Bonds: SGBs provide a safe and convenient way to invest in gold and offer several benefits such as safety, interest income, capital appreciation, tax benefits, and liquidity. Particularly suitable for long-term investors seeking stability and protection from underperforming assets.
SGB and physical gold
Both households and institutional investors are increasingly attracted to SGBs due to the rich benefits coupled with favorable returns.
“Investing in Sovereign Gold Bonds is better than owning physical gold as it offers a blend of security, convenience and economic potential. With RBI support, SGB Its digital format eliminates the custody concerns associated with physical gold. Embrace the future of gold investing with sovereign gold bonds, offering stability and security along with convenience. ” said Puneet Maheshwari, Director, Upstocks.
“For investors, investing in SGB tranches is one of the safest ports from headwinds as the Indian economy navigates the choppy waters with resilience. We predict that buyer behavior will shift towards SGB for investment-driven purposes, thus positioning physical gold as a lifestyle statement for decorative purposes,” said Colin Shah of Kama Jewellery. said the M.D. Ph.D.
Historically, investors have always looked to gold for consistent and strong returns. “Looking at 2023 alone, gold is currently trading close to its lifetime high of 62,240/-, despite geopolitical tensions, a weak dollar and volatile conditions, and is set to move forward in 2024. “In the short term, its price has more than doubled in the past 10 years. It is an ideal investment opportunity for investors who want to continue investing for growth,” said Nish Bhatt. , Founder and CEO of Millwood Cain International.
Various investment platforms that offer investment options in SGB
Investing in sovereign gold bonds is easily accessible through scheduled banks such as SBI and HDFC Bank. Interested individuals can apply for these bonds through the “Investments” tab on each bank's website.
Additionally, several platforms such as Upstox, Zerodha Kite, and Groww offer investors the opportunity to invest in sovereign gold bonds.
How to buy gold bonds online in India
-Log in to your online banking account.
– Go to the “eServices” section and find the “Sovereign Gold Bond” option.
– Please check the terms and conditions carefully.[続行]Click.
– Enter the required information in the registration form and click “Submit”.
– Specify the subscription quantity along with candidate details in the purchase form.
-Once you have filled in all the details, click “Submit” to complete your investment.
SGB Tranche 2023-24 Series IV began accepting applications on February 12th. The five-day window ends on February 16th.
Disclaimer: The views and recommendations expressed above are those of individual analysts and not of Mint. We recommend checking with a certified professional before making any investment decisions.
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