Sovereign Gold Bond: Here’s how to buy sovereign gold bonds online

The latest tranche of Sovereign Gold Bond 2023-24 Series II is open for subscription until September 15. The investors can get additional discounts for purchasing the bonds online.

Sovereign Gold Bonds offer 2.5 per cent interest rate per annum.

Making investments in gold has always been among the most popular choices for investors in India. This not only comes with a promising return but also assures secured return while helping to diversify their investment portfolio. While investing in physical gold has been a traditional practice for several decades in the country, gold in other forms, including paper form, has also gained popularity in recent years.

Investment in Sovereign Gold Bonds could be a good choice if you are looking for investing in gold or gold related savings instruments.

The latest tranche of Sovereign Gold Bond Scheme 2023-24 Scheme Series II is open for subscription until September 15. The Reserve Bank of India opened the subscription on September 11.

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The interested investors can start purchasing Sovereign Gold Bonds for Rs 5,923 per gram of gold. The investors purchasing the SGBs online will get an additional discount of Rs 50 per gram of gold. Hence, the price will reduce to Rs 5,873.

Sovereign Gold Bonds: Investment limit, interest rate and maturity period

The Reserve Bank of India has set a limit of 4 kilograms of gold for an individual investor and HUF. On the other hand, the trusts and similar entities can purchase up to 20 kilograms.

The SGBs come with a maturity period of 8 years and premature redemption is allowed after 5 years. The SGBs offer 2.5 per cent interest rate per annum.

Different ways to buy Sovereign Gold Bonds online

Sovereign Gold Bonds can be purchased from the secondary market like the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It can be also purchased from the Stock Holding Corporation of India Limited (SHCIL), RBI-designated post offices. Besides that, some scheduled commercial banks like the State Bank of India, HDFC Bank, ICICI Bank, Canara Bank and Punjab National Bank also offer the SGBs.

The SGBs can be bought both online and from any of the branches of these banks.