News From Press Sovereign Gold Bond Scheme 2023-24 Series IV opens; should you invest?

Sovereign Gold Bond Scheme 2023-24 Series IV opens; should you invest?

Source: Moneycontrol Feb 13, 2024

Sovereign Gold Bonds (SGB) are back, and the first such issue in the calendar year 2024 launches on February 12. The Reserve Bank of India (RBI) has set the issue price at Rs 6,263 per gram of gold. Called Sovereign Gold Bond Scheme 2023-24 - Series IV, the public issue will close on February 16.

SGBs applied for under the 2023-2024 Series IV will be issued on February 21, 2024.

The last issue - SGB Scheme 2023-2024 Series III – was launched during December 18-22, 2023, and the issue price was set at 6,199 per gram of gold.

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