Sovereign Gold Bond Calculator
Features of This Calculator:
- Inputs: User need to write the below mentioned details:
- Investment Amount: The amount of money the user plans to invest.
- Current Gold Price: The current market price of gold per gram in ₹.
- Investment Duration: The time period for which the user will hold the SGB.
- Gold Price Growth: An expected percentage growth in gold prices per year.
- Outputs: User will get the results as mentioned below:
- Total Interest Earned: The cumulative interest earned over the investment period.
- Appreciation in Gold Value: The increase in the value of gold over the duration.
- Total Earnings: The sum of interest and gold value appreciation.
- Final Corpus Value: The total value of the investment at the end of the tenure.
Example:
- Investment Amount: ₹5,00,000
- Current Gold Price: ₹5,500/gram
- Duration: 8 years
- Expected Gold Growth: 6%
The calculator will compute:
- Total Interest Earned: ₹1,00,000
- Appreciation in Gold Value: ₹3,26,648
- Total Earnings: ₹4,26,648
- Final Corpus Value: ₹8,26,648
This calculator is designed to educate users and assist them in planning their SGB investments effectively!