Sovereign Gold Bond 2024-25 Series 1: Keep your money ready, you may get a chance to invest in SGB in June..

Sovereign Gold Bond 2024-25 Series 1: The way gold prices have increased rapidly in the recent past, people's interest in gold has increased. Now a large number of people are investing in gold. In today's time, apart from physical gold, there are many ways to invest in gold. One of them is the Sovereign Gold Bond. It is issued by the Reserve Bank every year. Every year it has 4 series, in which investors are given a chance to buy it.

If you are also thinking of investing in SGB, then keep your money ready because you can get this opportunity in June. Let us tell you that the first series of the financial year 2023-24 came in June, so it is expected that this year also RBI can give investors a chance to invest in SGB in June. However, no date has been announced by the RBI yet. When did you get the opportunity to invest in the last year?

4 series of FY 2023-24 came in June, September, December and February. The first series came between June 19, 2023, to June 23, 2023, last year, when investors got a chance to invest in it. The subscription date for the second series was 11 to 15 September 2023, the third series allowed investing from 18 December 2023 to 22 December 2023 and the fourth and final series of FY 2023-24 came in February 2024. The subscription date was between 12 to 16 February. In such a situation, investors interested in investing in Sovereign Gold Bond 2024-25 Series 1 are expecting its first series to come in June 2024.

What is SGB
The first Government Gold Bond Scheme was introduced in November 2015 to reduce the physical demand. In this, one can invest in gold at a price lower than the market. The government guarantees the safety of the investment. Its issue price is decided by the Indian Bullion and Jewelers Association Limited (IBJA), which is based on the closing price of 999 purity gold.

What are the benefits of SGB?
The biggest advantage of sovereign gold is that you get double the profit in it. Firstly, at the time of maturity, the investor gets money according to the market rate and secondly, 2.5 percent interest is also offered to the subscribers.
When you buy physical gold, you have to worry about its safety, but there is no tension of security in SGB.

Long-term capital gains tax is also not levied on the returns received. Apart from this, it does not come under the purview of GST, 3% GST is levied on physical gold.

If investors buy sovereign gold bonds through online payment, they get a discount of Rs 50 per gram.

There is also a loan option in this. In such a situation, investors can use sovereign gold bonds as collateral.

Where can you buy it
- You can buy it online and offline from banks

- You can also buy it from the post office.

- It can be purchased through Stock Holding Corporation.

- There is also an option to buy from the platform of BSE, NSE.

How much gold can be bought?
Any person can invest in at least 1 gram and a maximum of 4 kg of gold in a financial year through SGB. The tenure of gold bonds is 8 years from the date of issue of the bond. However, pre-mature redemption can be done after 5 years. You can sell sovereign gold bonds at banks, Stock Holding Corporation of India Limited (SHCIL), post offices, and stock exchanges i.e. BSE and NSE.