SGB Series III Price Fixed At Rs. 2964/gm

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    In the new subscription period beginning Monday until Wednesday, price for SGB has been fixed at Rs. 2964 per gram. The settlement is made the next week with the issue of the certificate for the same.

    SGB Series III Price Fixed At Rs. 2964/gm

    Online investors have an advantage with a discount of Rs. 50 per gram. The SGBs are being claimed a better alternative to physical gold in case the returns are expected from the investment. Other than the usual price appreciation, users will be able to lock in a sure shot annual interest rate of 2.5% for 8 years payable half-yearly.

    Capital gains tax on SGBs is exempt while the interest earned is taxable as per the Income tax slab while indexation benefits are also offerd in case redemption in the instrument is made at a later time.

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