No.
If you plan to hold it till maturity then buy the one with highest discount.
Start with tracking the prices. Access the liquidity of the series and the price of each unit. As per your holding period, you can see which offers you a good discount on the spot price. My tip is don't place a large order at once, rather accumulate these bonds in small quantities as you'll risk driving up the price. Please keep in mind that these bonds are best treated illiquid as it is very hard to find buyers in the secondary market if the need arises, and the tax-adjusted returns if sold before maturity won't make much sense. Ideally, I would buy SBGs with high daily volumes, but it's rare to find a good deal on those.
, while stocks are falling. I feel this decade 2030 gold price will reach above 1,20,000 per 10 gram, as more countries move away from dollar and people lose trust in banks and fiat money.
Depends on your holding period. If you are comfortable with a lock-in period of 8 years, then SGBs can be redeemed tax-free. If you do need to liquidate, you will most likely have to sell at a discount to the spot price(2-7%) in the secondary market. Also, you get 2.5% of the bond price as interest every year till maturity which you won't get in other forms of gold investments.
One funny thing is even if you buy in secondary market now for previous series of bonds having less maturity period, if you hold on till maturity it is tax free.
Did you find something to back this? I mailed the RBI regarding this and they sent some stupid generic response.
