Business

Gold Bond: Government is giving discount on buying gold, from August 22, you will also get a chance to buy

Photo:FILE Gold Bond

Sovereign Gold Bond: In this era of inflation, if gold is available cheaply, then what is the matter, and when the government itself is giving a discount on the purchase of gold, then nothing can be better than this. Investing in gold has always been considered the safest option. Keeping this in mind, the government is running the Sovereign Gold Bond Scheme since November 2015. In this, the government is giving a discount of Rs 50 per gram on purchase through online or digital medium.

Price fixed at Rs 5,197 per gram

Giving information, the Reserve Bank of India (RBI) said that the second series of the Sovereign Gold Bond (SGB) scheme for the financial year 2022-23 is opening for five days from 22 August. In which any investor can buy Gold Bond. The issue price for this has been fixed at Rs 5,197 per gram. The second phase of the SGB scheme for the current financial year will open between August 22 and 26, 2022.

customers will get discount

The biggest feature of this scheme is that in this, customers also get discount on digital payment. RBI said, “For investors buying gold bonds online or digitally, the bond price will be lower by Rs 50 per gram. The issue price of the gold bond for such investors is 5]147 per gram.

Who can take Gold Bond

The Reserve Bank said that the second series of the Gold Bond Scheme 2022-23 will be available from August 22 to 26. The central bank issues bonds on behalf of the Government of India. These can be sold only to citizens of India, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions.

Bonds worth 13 thousand crores sold last year

In the last financial year i.e. 2021-22, the Reserve Bank introduced the Gold Bond Scheme in 10 installments. In which total SGBs worth Rs 12,991 crore were issued. Let us inform here that an individual buyer can buy a maximum of four kilograms of gold. Whereas for HUF, this limit is 4 kg and for trusts or similar entities, the limit is 20 kg.

Latest Business News

function loadFacebookScript(){
!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”);
}

window.addEventListener(‘load’, (event) => {
setTimeout(function(){
loadFacebookScript();
}, 7000);
});
,

Back to top button