Sovereign Gold Bond 2023-24 Series IV | All you need to know
Sovereign Gold Bond (SGB) 2023-24 Series IV subscription opened Sovereign Gold Bond (SGB) 2023-24 Series IV subscription opened on February 12, 2024 and will close on February 16, 2024. This is the last installment of SGB for the current financial year. The issue price of SGB for this tranche has been fixed at ₹6,263 per gram. Investors can apply for SGB in multiples of one gram. What Is Sovereign Gold Bond (SGB) If you are thinking of buying gold, but you have a question in your mind, where will you keep it? You can stop worrying about these things. IOU can help to invest in gold. Yes, instead of buying and storing physical gold, you invest in these bonds and take advantage of gold price fluctuations, while also getting a sure interest rate. It's like the shine of gold without the weight! Key features of SGBs: Imagine, you can invest in gold without actually keeping anything! This is what Sovereign Gold Bond (SGB) means. These are like special government IOUs, but instead of money...