Why SGBs are the Ultimate Gold Investment
- The 2.5% Bonus: If you buy physical gold or Gold ETFs, you only make money if the price of gold goes up. SGBs pay you a guaranteed 2.5% interest every year (paid semi-annually) on your initial investment amount, regardless of gold prices.
- Zero Capital Gains Tax: This is the biggest benefit. If you hold the SGB until its 8-year maturity, the entire capital appreciation (profit from the gold price going up) is 100% tax-free under Section 47 of the Income Tax Act. (Note: The 2.5% annual interest is taxable as per your slab).
- No Storage Costs: Unlike physical gold, there are no making charges (which waste 10-15% of your money) and no bank locker fees. SGBs sit securely in your Demat account.