The government does not seem keen on issuing fresh gold bonds given the overall cost and rising gold prices.
'Even last year, when India bought gold, the physical quantity was much less than the previous years.'
With duties at 15%, GST at 3%, and making charges running as high as 20% -- the gap between a smart purchase and a careless one can easily be Rs 30,000 to Rs 50,000 on every Rs 1 lakh invested. And most of that gap is entirely avoidable. Ramalingam Kalirajan explains the math.
'What exactly is on the prime minister's mind, we do not know. But it feels like the government wants the country to be prepared for unseen challenges ahead.'
'It has also outlived its initial purpose of reducing physical gold imports.'
The Enforcement Directorate has frozen Rs 526 crore in bank deposits and seized gold jewellery worth Rs 3.5 crore along with Rs 11 lakh in cash after concluding searches in a money laundering case against online gaming platform Gameskraft.
Understand the pros and cons of SGBs before rushing to invest in them based on past returns.
Gold and silver prices experienced a significant drop in the national capital due to a global selloff driven by inflation concerns, central bank policies, and geopolitical tensions.
Gold prices are expected to remain volatile next week as investors track geopolitical developments in the Middle East and key macroeconomic data releases that could shape the sentiment in the domestic market, analysts said.
'It is the best avenue for investors who would like to take long-term exposure to gold.'
Precious metal prices surged in futures trading, with silver hitting Rs 2.93 lakh per kg and gold nearing Rs 1.68 lakh per 10 grams, driven by safe-haven demand following US-Israel strikes in Iran and retaliatory attacks.
Bonds were issued at Rs 3,119 per gramme of gold.
The issue price for Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from November 29, has been fixed at Rs 4,791 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 - Series VIII will be open for subscription from November 29 - December 03, 2021. "The nominal value of the bond...works out to Rs 4,791 per gram of gold," the RBI said.
This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.
The government has sold SGBs worth Rs 1,990 crore in April and May alone.
The first tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from Monday, the finance ministry said in a statement. The bonds will be issued in six tranches from May 2021 to September 2021, it said on Wednesday. The subscription period for 2021-22 Series I will be May 17-21, and bonds will be issued on May 25.
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Deposit certificates will also be exempt from capital gains tax.
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The government will issue Sovereign Gold Bonds (SGBs) in six tranches beginning April 20, the Reserve Bank of India said on Monday. The bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and the tenure of the SGB will be eight years with exit option after fifth year to be exercised on the interest payment dates.
From the financial year 2025-2026, the government has introduced a new column in the tax return form for presumptive taxpayers, requiring them to disclose their year-end investments. This requirement was not present last year.
rediffGURU T S Khurana answers readers' personal income tax queries
Indian wrestler Sujeet Kalkal, dominant in the 65kg category, attributes his success to consistency and self-belief, aiming for gold at the upcoming Asian Games and World Championships.
Indian bank credit expanded by 16.08 per cent year-on-year in FY26, marking its fastest pace since FY24, while deposits grew by 13.47 per cent, according to RBI data. Experts caution that year-end figures may be inflated due to reporting date changes, but acknowledge strong momentum in corporate, MSME, and retail segments.
Indian wrestler Sujeet Kalkal, dominant in the 65kg category, attributes his success to consistency and self-belief, focusing on self-improvement and rigorous training for upcoming challenges like the Asian Games and World Championships.
'... with the rest split between mid and smallcaps, as valuations are becoming more attractive across segments.'
'It was diminishing even before Trump came to power.' 'The US was at the centre of the global economy. That position is going to become less and less important and less central.'
Govt proposes to introduce redeemable gold bonds.
If you missed the primary market bus but still want to invest in Sovereign Gold Bonds, then feel lucky.
Born into a family that survived the Pahalgam terrorist attack on the very day the attack took place a year ago, a Chhattisgarh family names their newborn Pahal.
Sensex plunges over 1,400 points and Nifty slips near 22,250 amid Trump's Iran threat, rising crude oil prices, and FII selling. Here are the key reasons behind today's market crash.
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Aranmula, Kerala, prepares for Assembly elections with a focus on development, health sector performance, and religious sentiments, as incumbent Health Minister Veena George faces challenges from Congress and BJP candidates.
'Each mother I have played is different, but the writing dictates the doing of it. If it's written well, that's half the work done for an actor.'
The best part is that an investor gets price appreciation and earns interest income as well, which is unique only to sovereign gold bond.
The first tranche of sovereign gold bond for 2022-23 will open for subscription for five days from June 20, the Reserve Bank of India said on Thursday.
The Indian metal market is a promising sector to invest in as it provides a good balance between the prospects of growth and stability in dynamic economic conditions and a changing geopolitical environment. Metals such as gold, silver, copper, etc, have gained renewed significance in 2025, amidst growing inflation and India's push towards infrastructural growth and green energy initiatives.
The Indian metal market is a promising sector to invest in as it provides a good balance between the prospects of growth and stability in dynamic economic conditions and a changing geopolitical environment. Metals such as gold, silver, copper, etc, have gained renewed significance in 2025, amidst growing inflation and India's push towards infrastructural growth and green energy initiatives.
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