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Sovereign Gold Bond 2023: Second tranche opens | 5 must-knows before you invest

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Sovereign Gold Bond 2023: The Reserve Bank of India-backed sovereign gold bond scheme opened its second tranche on Monday, and it will remain available for purchase until Friday.

Sovereign Gold Bond Scheme 2023 is available for investment.(Reuters File Photo/Representative Image)
Sovereign Gold Bond Scheme 2023 is available for investment.(Reuters File Photo/Representative Image)

Introduced in November 2015, the Sovereign Gold Bond aims to decrease the demand for physical gold and redirect a portion of domestic savings, traditionally allocated for gold purchases, into financial savings. However, before making an investment in the bond, it is crucial to familiarise yourself with the key details:

How to calculate price of sovereign gold bonds?

The bond’s price is determined in Indian rupees based on the simple average closing price of gold with 999 purity, as published by the India Bullion and Jewellers’ Association Ltd during the last three working days of the week preceding the subscription period. Consequently, on Friday, RBI announced that the issue price for the upcoming tranche of Sovereign Gold Bonds had been set at 5,923 per gram.

What are investment limits for the gold bond?

These bonds are denominated in multiples of grams of gold, with the minimum permissible investment being 1 gram of gold. For individuals, the maximum subscription limit is 4 kg, while trusts and similar entities can subscribe for up to 20 kg each fiscal year.

What is tenor of the SGB Scheme 2023-24?

The SGBs come with an eight-year tenure, offering an exit option after the fifth year, which can be exercised on the next interest payment dates. These bonds provide an annual interest rate of 2.5 per cent, paid semi-annually in June and December. Upon maturity, the bonds are redeemed at the prevailing market price of gold.

Where can you purchase sovereign gold bonds?

These bonds will be available for purchase through banks, the Stock Holding Corporation of India Ltd (SHCIL), designated post offices, and recognized stock exchanges, including the NSE and the BSE.

Enjoy a 50 discount with digital transactions

In consultation with the RBI, the government has decided to offer a discount of 50 per gram less than the nominal value to investors who apply online and make payments through digital modes. For such investors, the issue price of the gold bond will be 5,873 per gram.

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Bella Hadid Doubles Down on Her Favorite Heel Trend

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Long before designer heels became a fashion staple, high heels were a status symbol reserved for the elite. In the 17th century, King Louis XIV famously strutted through Versailles in red-bottomed shoes, signaling privilege and power. Today, a different kind of style royalty is making her mark with a signature heel preference—Bella Hadid.

Known for her trendsetting style, Hadid has been spotted repeatedly embracing a particular heel trend: sleek, pointed-toe stilettos. Whether she’s attending high-profile events or walking the streets of New York, her footwear choices consistently exude sophistication and edge. From patent leather pumps to sculptural heels with a modern twist, she proves that a classic silhouette can still feel fresh and contemporary.

With Y2K nostalgia in full swing, heels reminiscent of early-2000s fashion are making a major comeback. Strappy stilettos, kitten heels, and sculptural mules are dominating runways and street style alike. Bella Hadid, always ahead of the curve, has solidified her place as a style icon by embracing these trends with effortless confidence.

Whether she’s reviving vintage-inspired heels or stepping out in avant-garde designs, one thing is clear: Bella Hadid knows how to make a statement from head to toe.

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Invest in Your Career (and Yourself) With a Chic New Work Bag

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If the fashion industry has shown us anything this season, it’s that working women are redefining corporate chic. Whether it’s Aritzia’s Work Wardrobe campaign featuring model Alex Consani or Stella McCartney’s Fall/Winter 2025 show injecting new life into office attire, one thing is clear: dressing like a boss is in.

Of course, no power look is complete without the perfect work bag. From structured totes to sleek crossbodies, a fashion-forward yet functional bag is a must-have for conquering the 9-to-5 in style. Whether you’re heading to the office, commuting, or working remotely from your favorite café, these 12 editor-approved work bags will have you looking polished and put together.


  1. Jacquemus Turismo Bowling Bag

The Jacquemus Turismo bag has been making waves among fashion influencers—and for good reason. Inspired by the classic bowling bag, this structured yet stylish piece is crafted from grained calfskin leather, making it both durable and chic.

Dimensions: Height: 6.3 inches; Width: 9.8 inches; Depth: 4.3 inches

Colors: Black, Green

Material: Grained Calfskin Leather


  1. Ferragamo Hug Bag

The Ferragamo Hug Bag is a favorite among minimalists. With its sleek curved silhouette and understated elegance, this bag transitions seamlessly from boardroom meetings to after-work drinks.


  1. Tory Burch Romy Tote

A classic tote with a modern twist, the Tory Burch Romy Tote is spacious, structured, and endlessly versatile. Designed for professionals on the go, it fits a laptop, planner, and daily essentials with ease.


  1. Prada Galleria Bag

If you’re looking to invest in timeless elegance, the Prada Galleria Bag is a luxury staple that never goes out of style. With its iconic silhouette, saffiano leather, and multiple compartments, it’s both practical and polished.


  1. Cuyana System Tote

For those who value functionality and sustainability, the Cuyana System Tote is a minimalist dream. Made from Italian leather and featuring modular compartments, this tote adapts to your workday needs.


  1. Saint Laurent Sac de Jour

The Saint Laurent Sac de Jour is structured, sophisticated, and effortlessly chic. It’s the ultimate power bag, perfect for making a statement at client meetings and business lunches.


  1. Mansur Gavriel Soft Lady Bag

For a softer take on office style, the Mansur Gavriel Soft Lady Bag offers a slouchy yet structured look. Made from buttery Italian leather, this bag pairs well with both tailored suits and relaxed separates.


  1. Bottega Veneta Arco Tote

The Bottega Veneta Arco Tote blends craftsmanship with contemporary design. Featuring the brand’s signature intrecciato weave, this bag is an artful yet practical choice for the modern professional.


  1. Telfar Large Shopping Bag

Dubbed the “Bushwick Birkin,” the Telfar Large Shopping Bag is a cult-favorite tote that’s both stylish and functional. With plenty of room for daily essentials, it’s a great pick for those who want a trendy yet practical work bag.


  1. Senreve Maestra Bag

The Senreve Maestra Bag is a convertible carryall that can be worn as a handbag, shoulder bag, crossbody, or backpack. Made from scratch-resistant Italian leather, it’s perfect for commuters and multitaskers.


  1. DeMellier Vancouver Bag

For those who appreciate understated luxury, the DeMellier Vancouver Bag offers a timeless silhouette with a modern touch. Handcrafted in sustainable leather, this bag is both eco-friendly and elegant.


  1. Strathberry Midi Tote

The Strathberry Midi Tote is a celebrity favorite, known for its structured design and signature bar closure. With its sleek aesthetic and ample storage space, it’s a stylish addition to any work wardrobe.

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Sarah Burton’s Givenchy Debut: A New Era Through the Female Gaze

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Sarah Burton has officially redefined Givenchy. In her Fall 2025 debut at Paris Fashion Week, the former Alexander McQueen creative director brought a feminine perspective to the legendary house, embracing strength, vulnerability, and emotional intelligence. This moment felt significant—not only because of Burton’s storied past but also because so few women currently helm major luxury brands.


A Tribute to Givenchy’s Heritage

Burton’s inspiration came from Hubert de Givenchy’s 1952 debut collection, known for its clean, graphic silhouettes. A recent discovery of the maison’s archival calico patterns further fueled her vision, leading to designs that balanced wearable ease with dramatic, couture-like elements.

The show opened with a black fishnet catsuit, a bold reset before transitioning into the essence of Burton’s Givenchy—a collection that honored the past while embracing modern femininity.


Key Looks & Defining Elements

Oversized Suits with Cinched Waists → A powerful balance of structure and fluidity.

Sleeveless Dresses with Ruffled Hemlines → Adding movement and drama to everyday elegance.

Cocoon-Like Coats & Jackets → Featuring rounded, puffed-up shoulders, nodding to Givenchy’s classic volume play.

Body-Diverse Runway Casting → One of the few Paris shows this season to feature a range of body types, reinforcing Burton’s commitment to dressing real women.


A New Vision for Modern Women

Burton’s Givenchy is about more than just clothes—it’s about how women want to feel: powerful, sexy, vulnerable, and strong, all at once. Her debut collection wasn’t just a runway success—it was a statement on the future of fashion, where femininity is both celebrated and redefined.

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