The latest series of Sovereign Gold Bonds (SGB) is now available for subscription until February 16, 2024, at an issue price of ₹6,263 per gram. Investors applying online enjoy a ₹50 per gram discount, lowering the price to ₹6,213.
These bonds offer a fixed 2.50% per annum interest rate and tax-free profits upon redemption after five years. Long-term capital gains benefit from indexation or a 10% flat tax rate. SGBs present an enticing option for portfolio diversification, capital appreciation, and favorable tax treatment compared to physical gold.