Invest in Gold: The December 18th Launch of Sovereign Gold Bond 2023-24 Series III
December 15, 2023
Digital Gold
/ Gold
Sovereign Gold Bond 2023-24 Series III: A Golden Investment Opportunity? {jistoc} $title={Table of Contents} Unveiling the Golden Opportunity The Reserve Bank of India (RBI) has announced the opening of the Sovereign Gold Bond (SGB) Scheme Series III for the financial year 2023-2024 on December 18 . This comes at a time when gold prices have seen an increase of more than 10 percent in 2023. But the question remains, should investors jump on this golden opportunity or wait for the next series opening in February? The Golden Offer The issue price for the SGB 2023-24 Series III is yet to be announced by the RBI. The price of the SGB is determined based on a simple average of the closing price of gold of 999 purity, published by the India Bullion and Jewellers Association (IBJA) for the last three working days of the week preceding the subscription period. A Glimpse into the Golden Past A year ago, in December 2022, the issue price of the SGB Scheme 2022-23 Series III w...