Sovereign Gold Bond or SGB are securities denominated in grams of gold. People who don’t want to hold physical gold can opt for Sovereign Gold Bond as it is a substitute for holding physical gold. SGB is issued by the Reserve Bank of India (RBI) on behalf of the government. Interested investors can opt for SGB till June 23 and after that can look forward to a second tranche in September. SGBs can also be bought online in the secondary market if there is a seller available. There are various platforms like Zerodha Kite, Groww, Paytm, and others that provide investors with this facility. Here is a step-by-step guide on how to invest in SBG through these platforms:

Zerodha Kite 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Step 1: Visit the Zerodha Kite website or download the app 

Step 2: Log in or register yourself on the platform

Step 3: From the Dashboard, find the 5th tranche of an SGB expiring in August 2028, type 'SGBAUG28V'

Step 4: To search for gold bonds on BSE, type BSE SGB followed by the month and year of expiry.

Step 5: Mention the quantity and click on place order.

Groww 

Step 1: Visit the Groww website or download the app 

Step 2: Log in or register yourself on the platform

Step 3: Search for the 5th tranche of an SGB expiring in August 2028, type 'SGBAUG28V'

Step 4: Mention the quantity and click on Place order

Another method is to visit https://groww.in/sovereign-gold-bonds

Paytm Money 

Step 1: Download Paytm Money  

Step 2: Go to the SGB landing page to view current, upcoming, and closed SGBs

Step 3: Select the SGB to view details

Step 4: On clicking apply, you are directed to the order page

Step 5: Enter the quantity you want to bid for and click 'Apply'

How to trade SGB? 

Subscribers holding the SGBs in dematerialised form can sell them on the stock exchange if they need the amount before its maturity. The price of the SGBs in the stock market will reflect the price of gold and the demand and supply of gold bonds.

Investors can also buy Sovereign Gold Bond online via commercial banks’ website 

Step 1: Login into the preferred bank’s Internet banking account.

Step 2: Click on the “e-service” option and then choose the “Sovereign Gold Bond” option.

Step 3: Read attentively the “terms and conditions” put down by RBI and “Proceed”.

Step 4: Complete the registration form and select “Submit”.

Step 5: In the purchase form put the quantity of subscription and the nominee details.

Step 6: Now, after verifying the details click on the “Submit” option.

stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.