InvestorQ : Can you tell me about the next tranche of sovereign gold bonds to be issued by the government?
Arti Chavan made post

Can you tell me about the next tranche of sovereign gold bonds to be issued by the government?

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Rutuja Nigam answered.
4 months ago
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The first issue of the sovereign gold bonds or SGBs will start shortly on the 17 of May. The first tranche of this fiscal year will close for subscription on 21 May. The government will issue a total of 6 issues of SGBs in the first half of the fiscal year till the end of September 2021. Since there were no SGB issues in April due to the election fever, the government will do 3 issues of SGBs in May next to each other.

Once the three tranches are completed by the end of May, the fourth tranche of the gold bonds will be scheduled only on 12 July. There will not be any gold bond issues in the month of June. Most investors find gold bonds attractive as they are free of capital gains tax if held till maturity. In addition to the capital gains, these gold bonds also offer 2.5% interest. Currently, SGBs are only sold to resident Indians and NRIs are barred from SGB investing.

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