Sovereign Gold Bonds returns: With gold prices rallying strongly in the last few years, investors in Sovereign Gold Bonds or SGBs are looking at bumper returns! One such SGB is delivering a whopping return of over 300%! The RBI has released the final redemption value for Sovereign Gold Bond 2017-18 Series VI, which matures on November 6, 2025. The first issuance of this series took place on November 6, 2017, according to RBI. Sovereign Gold Bonds carry a fixed interest rate of 2.50% per annum. Individual investors receive capital gains tax exemption upon SGB redemption. This tax benefit, however, applies exclusively to individuals, not to companies, HUFs or others. Additionally, individuals lose this capital gains tax exemption when selling SGBs on the stock market. The interest ea
Over 300% returns! Gold delivers bumper gains as RBI announces SGB 2017-18 Series maturity date; check final redemption price
The Times of India2 hrs ago
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