Can you sell sovereign golden bandage ahead of time? Know how much will be earned

If you have a sovereign Gold Bond – SGB and you plan to sell it early, this news is very important to you. Often, the question arises in the minds of investors whether they can sell SGB before the entire 8 -year -old period? The answer is – yes, it is possible to do this with certain conditions. Let us know in detail. What is the opportunity for the mortgage purchased in October 2019? If you bought Sovereign Gold Bond (2019-20 Series V) in October 2019, then a golden opportunity came for you. You can sell the mortgage of this series ahead of time on April 15, 2025. The government has set the Rs 9,069 redemption price for this time. That is, you can now get the best return on your investment. The excellent returns up to 139 percent are now talking about the returns. If you bought this mortgage at a rate of Rs 3.788 per gram and now the price is increased to Rs 9,069 per gram, you will get a return of about 139%. And it is only based on the increase in the price of gold. This does not include an interest of 2.5% each year, which comes to your bank account separately. That is, if you add interest, your total profits may be even more. So many returns in a short time are very attractive as traditional investment options, which is why sovereign gold effects become very popular with investors. What is the rule of selling sovereign gold effects? The total maturity period of sovereign gold context is 8 years. But after completing five years, the government gave investor approval. The way to determine the redemption price is also transparent. This prize was determined on the basis of the average price of the last three working days of 999 purity declared by the India Bullion and Jewelers Association (IBJA). The purpose of the government is that investors can earn profits from this investment without any major loss according to their requirement. You will also get the benefit of interest, if you do not sell this connection now and keep it to you for full adulthood, that is, 8 years, you will also have a 2.5%stake every year. This interest is transferred directly to your bank account every six months. This interest also keeps you extra income, further strengthening your total returns. In this way, Sovereign Gold Bond not only gives advantage of raising the price of gold, but also becomes a strong way of ordinary income every year. Can I still be invested in SGB? Last year, the government did not launch any new sovereign Gold Bond series. However, the purchase and sale of earlier bonds and premature redemption facilities are still underway. This means that investors who invested in SGB can still benefit from this scheme. If you have old SGBs, you can sell it on a fixed date, or if you want, you can stay with the entire maturity and increase gold prices with regular interest. Conclusion Sovereign Gold Bond is an investment option that simultaneously provides security, stability and good returns. If you bought SGB in October 2019 at a rate of Rs 3.788 per gram, you are now getting the chance to sell it at Rs 9,069 per gram. The return of about 139% in 5.5 years is much for any investor. Apart from this, the interest received each year makes it even more advantageous. If you need money or want to book profits, premature redemption is an excellent option. And if your plan is to maintain investment for a long time, it can be kept to adulthood, and the interest uses and gold prices are rising.