Tradition Meets Digital: This year, Celebrate Dhanteras By Buying Gold as a Financial Instrument

Dhanteras is around the corner! If you’ve been planning to buy new silver or gold articles or any metal-made product, then this is the most auspicious day to buy. According to the tradition, buying new gold or silver items on Dhanteras will lead you to the path of prosperity and good luck. If you’re an investor, Dhanteras is of special significance for you as well. Buying gold or silver during the special ‘Muhurat’ has become a tradition for investors. It’s considered auspicious to invest in these metals on this day. Gone are the days when investors had to buy physical …

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Gold prices are falling. Should you invest in Sovereign Gold Bonds?

Gold prices are falling. Should you invest in Sovereign Gold Bonds?

Sovereign Gold Bonds are a more remunerative and tax-efficient way to invest in gold. But given the continuous decline in gold prices over the last 16 months, should you bet your money on the ninth tranche of SGBs that the Reserve Bank of India has started offering last Monday (10 January)?  The issue closes on Friday (14 January), and the issue price of the bonds – equivalent to the cost of 1 gm of gold with .999 purity – has been pegged at Rs 4786. The near-month gold contracts traded at Rs 47890 (per 10 gms) on the MCX.  This means that the …

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Sovereign Gold Bonds (SGB) – Tax free way to invest in Gold

Sovereign Gold Bonds (SGB) – Tax free way to invest in Gold

Sovereign Gold Bonds are kind of Government bonds that are issued (by the RBI on behalf of the Government) on payment of rupees but denominated in grams of gold. It allows an individual to invest in gold without the strain of safekeeping their physical asset. The value of these bonds depends on the value of gold. Sovereign Gold Bonds act as a secure investment tool among individuals, as gold prices are less susceptible to market fluctuations. Key Features of Sovereign Gold Bond Eligibility All resident individuals, HUFs, registered entities like a trust, universities, charitable institutions, societies and clubs, partnership firms and private …

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