Sovereign Gold Bond Scheme The government of India introduced the Sovereign Gold Bond (SGB) Scheme in November 2015 under the gold monetization scheme to offer an alternative to physical gold. Here’s a breakdown of the key aspects of this scheme: Over time, fewer people have been buying ...
Parameter Physical Gold Sovereign Gold Bond Gold ETF Gold Fund Safety Low High High High Purity High – Coins/barsLow – jewellery High High Nil Liquidity High After 5 years High High Minimum Investment Approx INR 5000 (1 gram gold) Approx INR 5000 (1 gram gold) Approx INR 5000 (1 gram ...
The World Gold Council today announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain. All 33 World Gold Council members with operating mines, who collectively produce c.1,300...
If a person is unable to utilize the capital gain or invest the same in another property or bond before the tax filing due date which is usually 31 Jul, then he can invest capital gain with Capital Gains Account Scheme (CAGS) to buy more time. He can easily withdraw at the time of ...
If you are not able to invest the specified amount in the manner stated above before the date of tax filing or 1 year from the date of sale, whichever is earlier, deposit the specified amount in a public sector bank (or other banks as per the Capital Gains Account Scheme, 1988). ...