SGBS Series 4, 2023-24: Price, Benefits, Should You Buy?

SGB 2023-24, Series 4 - Price

SGB 2023-24 Series 4 will be issued at ₹6,263 per gram for offline buyers and ₹6,213 per gram for online buyers.

SGB 2023-24 Series 4 will be opened for investment from February 12-16, 2024 & will be allotted on February 21, 2024.

SGB 2023-24, Series 4 - Dates

How is the SGB Issue Price Determined?

The issue price is the average closing price of 99.9% pure gold over the last three business days, as published by the IBJA.

Where to Buy SGBs Online?

Commercial banks Post Office SHCIL Stock Exchanges (Brokers) You can get a Rs. 50/gram discount online.

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Visit the website of your bank, broker or SHCIL. Click the SGB link. Select the quantity. Pay the issue price online. Submit

How to Buy Online?

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Where to Buy SGBs  Offline?

Commercial banks Post Office Stock Exchanges (Brokers).

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How to Buy Offline?

Visit bank or post office branch Submit the application form and required documents. Pay the issue price in cash, DD, cheque, or e-banking. Take application receipt.

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SGB Status - Online & Offline

The units will be in the demat if subscribed online. For offline purchases, an investment certificate will be provided.

Who can Invest in SGB

Individuals, HUFs, trusts, universities and charitable institutions. Individuals turned into NRIs can hold SGB till early redemption/maturity.

Minimum & Maximum Investment

Minimum Investment - 1 Gram Individuals and HUFs can invest a maximum 4 kilograms. Charitable institutions & trusts can invest a maximum 4 kilograms.

SGBs Tax Treatment

The 2.5% interest income is taxed per your applicable tax slab. Capital gains on SGBs, held till maturity, are tax-exempt.

Capital Gain Tax on  SGBs 

If sold before maturity, there will be a tax on STCG according to income slab and LTCG of 10% or 20%+ indexation benefits, whichever is lower.

Final Thought

SGBs provide an excellent way to invest in gold without storage hassle. The interest payment above capital gains adds a security layer to balance gold price volatility.