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The government has issued the latest series of the Sovereign Gold Bonds 2023-24 (Series II). The scheme is currently open for subscription and closes on September 15.
The issue price of the SGB is fixed at Rs. 5,923 per gram. The government will offer Rs. 50 discount for investors who apply online and make payments using digital methods.
MFDs registered on stock exchange platforms like NSE NMF II and BSE Star MF can earn commission up to 1% on sovereign gold bonds (SGBS).
SGBS will be issued in denominations of 1 gram of gold. An individual cannot buy more than 500 grams of gold bonds per year. These bonds will have a maturity period of eight years with a lock in period of five years. Apart from this, investors will get an indicative return of 2.5% per annum along with the mark-to-market loss or gain.
