Buy Sovereign Gold Bonds on Festive Season

Should You Buy Sovereign Gold Bonds on Festive Season

In India, the holiday season is currently in full swing. People engage in a variety of shopping during festivals in this setting. During the celebration, individuals primarily purchase gold. People might benefit from a significant update that has been released for gold buyers even before Ganesh Chaturthi.

Ganesh Chaturthi will really be observed on September 19, 2023, this year. However, the government had already issued Sovereign Gold Bonds for the populace before this.

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On Monday, September 11, public subscriptions will be opened for the second tranche of the SGB 2023-24 Series II. The government has authorized the RBI to issue this gold bond, and the deadline for subscription is this Friday, September 15. This time, these bonds are being sold for Rs 5,923 per gram. However, if you purchase online, you’ll receive a per-gram discount of Rs 50.

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