The Government of India in collaboration with the Reserve Bank of India has introduced the Sovereign Gold Bond Scheme 2024 offering investors an opportunity to invest in gold without the need for physical assets. Under this scheme, investors across India can benefit from a fixed price of INR 6,263 per 1 gram of gold, as determined by the Reserve Bank of India. Subscription for the Sovereign Gold Bond Scheme SGB Series i ii iii iv v will be open from 12th February to 16th February 2024, providing a limited window for interested investors to participate.
Sovereign Gold Bond Scheme SGB Series i ii iii iv v
The Government of India has unveiled the Sovereign Gold Bond Scheme SGB Series i ii iii iv v catering to citizens seeking to invest in gold digitally rather than as physical assets Under this scheme the Reserve Bank of India has set the gold price at INR 6,263 per gram. Additionally authorities are offering a discount of INR 50 per gram for investors who apply online and make digital payments This initiative aims to encourage online participation and facilitate easier access to gold investments for all interested individuals.
Key Highlights of Sovereign Gold Bond Scheme
Name of the scheme
Sovereign Gold Bond Scheme
Government of India
Provide digital gold
Citizens of India
The applicant must be a permanent resident of India.
The applicant must want to invest in digital gold.