Skip to main content

Sovereign Gold Bonds

Sovereign Gold Bonds - A smarter way to buy gold.

Sovereign Gold Bonds (SGBs) are the safest way to buy and store gold, no physical lockers are required to store it. Bonds are issued by Govt. of India, so it's also the safest way to hold gold. Under the scheme, applications for SGBs will be accepted every Monday to Wednesday starting from October 09, 2017 till December 27, 2017. The Bonds will be issued on the succeeding Monday after each subscription period.


Where to buy:
Banks, Post Offices, Stock Exchanges (NSE and BSE). You can also buy them online through the websites of these agencies. Online purchases carry a discount of Rs 50 per gram (this works out to about 1.6% as today's prices).

Average of the last three business days' price as fixed by the India Bullion and Jewellers Association Ltd.

Minimum Investment: One gram.
Maximum Investment: 4 kg per annum. The previous limit was 500 gm.
Interest rate: 2.5% per annum.

Mode of Holding:
You can hold them through certificates of holding. You can collect these from the selling agent eg: your bank. Alternatively you can hold them in demat form in your demat account.

8 years. You can prematurely encash them after 5 years or sell them on a stock exchange.

Redemption value:
Based on the price of gold of 999 purity on the three business days prior to the redemption date.

The interest paid on these bonds is fully taxable. TDS is not deducted on them. The capital gains on redemption are exempt from tax. If sold before redemption, the benefit of indexation on long term capital gains is available.

More details here: RBI


Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:

Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.

Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.

You could just try the same here at Moneycontrol Terminal