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Sovereign Gold Bond Opens for Subscription Today; Know Key Points Before Investing
Sovereign Gold Bond Scheme Day 1: The Reserve Bank of India (RBI) has opened the Series IV of its Sovereign Gold Bond Scheme 2022-23 on March 6 (Monday) for subscription. This would be the last tranche for this fiscal. In comparison, the RBI offered the issue price of Rs 5,409 per gram in December 2022. Here are 10 things to Know About the Sovereign Gold Bond Scheme: Minimum and Maximum Investment The minimum permissible investment is one gram of gold, while the maximum is 4 kg for individuals, 4 kg for Hindu Undivided Families, and 20 kg for trusts and similar entities per fiscal year. An NRI cannot invest in these bonds but is allowed to hold these bonds received as a nominee of a resident investor. As a hedge, not only does gold provide diversification in your portfolio, but is inversely correlated to the market during periods of stress, like now. Source -https://www.news18.com/business/savings-and-investments/sovereign-gold-bond-opens-for-subscription-today-know-key-points-before-investing-7225549.html
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