5 gm Gold Coin Price SBI
Investing in Gold with SBI
The State Bank of India (SBI) offers a unique opportunity to invest in gold through its 5 gm gold coin. This initiative allows individuals to purchase gold coins from SBI branches, making it a convenient and secure way to invest in the precious metal.
What is the Price of 5 gm Gold Coin from SBI?
The price of the 5 gm gold coin from SBI varies depending on the current market rate of gold. The bank updates its gold coin prices regularly to reflect changes in the market. As of now, the price of a 5 gm gold coin from SBI is around ₹24,000 to ₹26,000. However, please note that prices may fluctuate and are subject to change.
Features of SBI's 5 gm Gold Coin
Here are some key features of SBI's 5 gm gold coin:
Purity
The gold coin is made of 24-karat gold with a purity of 99.9%.
Weight
The coin weighs 5 grams.
Design
The coin features a unique design with the SBI logo on one side and the weight and purity of the gold on the other side.
Certification
The gold coin comes with a certificate of authenticity from SBI, ensuring that the coin is genuine and of high quality.
Tax Benefits
Investing in SBI's gold coin can provide tax benefits under the Income Tax Act, 1961.
Why Invest in SBI's 5 gm Gold Coin?
Investing in SBI's 5 gm gold coin offers several benefits, including:
Diversification
Gold is a stable asset that can provide a hedge against inflation and market volatility.
Liquidity
Gold coins can be easily sold or exchanged for cash at any SBI branch.
Purity and Quality
SBI's gold coins are made of high-quality gold, ensuring that you get the best value for your investment.
Convenience
You can purchase the gold coin from any SBI branch, making it a convenient investment option.
Conclusion
SBI's 5 gm gold coin is an attractive investment option for those looking to diversify their portfolio and invest in a stable asset. With its purity, quality, and certifications, this gold coin is an excellent choice for individuals who want to invest in gold. Moreover, the convenience of purchasing the coin from any SBI branch makes it an accessible investment option for all.
