The launch of SGB Scheme 2023-2024 Series III has come on the back of gold prices increasing by more than 10 percent in 2023 and defying expectations amid a high interest rate environment.

The new series for Sovereign Gold Bond (SGB) scheme opened for investment on December 18 and the Reserve Bank of India (RBI) has set the issue price at Rs 6,199 per gram of gold.The launch of SGB Scheme 2023-2024 Series III has come on the back of gold prices increasing by more than 10 percent in 2023 and defying expectations amid a high interest rate environment. Given the run-up in prices, should investors go for this series or wait for the next one, which will open in February

      Tenure​​​​​​​ of the bond is for a period of 8 years with exit option after 5th year to be exercised on the interest payment date

      Maximum subscription limit is 4 KG for Individuals as well as HUF and 20 KG for trusts, Universities and Charitable Institutions

      Fixed Interest rate @ 2.5% on the initial investment amount