Sovereign Gold Bond: Government is selling cheap gold before Diwali, buy from October 25
[ad_1]
Sovereign Gold Bond: If you are also planning to buy cheap gold before Diwali this time, then this is the news of your work. Cheap gold is being offered by the central government to the general public, that is, you can buy gold cheaper than the market price. The government will open the next installment of Sovereign Gold Bond on October 25. You can buy gold by investing in it. The Ministry of Finance has given information about this. The ministry said that it will be open for subscription for 5 days.
Bonds to be issued on November 2
You can invest in this installment from October 25 to October 29 and Sovereign Gold Bonds will be issued from November 2. The Finance Ministry said in a statement that this will be the seventh phase of the 2021-22 series.
How much will be the price?
The Finance Ministry said on Saturday that the issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22 has been fixed at Rs 4,765 per gram.
Where can you buy?
If we talk about buying it, then investors can buy it through Stock Holding Corporation of India Limited (SHCIL), post office and recognized stock exchanges, NSE and BSE. Let us tell you that they are not sold in Small Finance Bank and Payment Bank.
Discount on online payment
Apart from this, if you can also apply for it online. If you pay digitally then you will get a discount of Rs 50. You can buy minimum one gram of gold.
What is the maximum amount you can invest?
If we talk about maximum investment in this, then you can buy 4 kg gold bonds. Apart from this, if we talk about trust or any institution, then it can buy bonds of up to 20 kg. The bond is priced at Indian Bullion and Jewelers Association Ltd. (IBJA) on the basis of average closing price of gold of 999 purity.
Advantages of Sovereign Gold Bond-
- In this scheme, investors get the benefit of interest at the rate of 2.5 percent per annum.
- Capital gains tax exemption is available in this scheme.
- There is no GST and making charges for buying gold under this scheme.
- Apart from this, you can also use it as a collateral.
- You can trade through the stock exchange.
- Apart from this, you do not need to worry about the security of these bonds.
What is Sovereign Gold Bond?
Let us tell you that this is a kind of government bond. This scheme is issued by RBI. The government started it in the year 2015. You can buy it in the form of weight of gold. If this bond is of 5 grams, then you understand that its price will be equal to 5 grams of gold.
Read also:
PNB Mega E-Auction: Good News! PNB is selling 11486 houses cheaply, you should also bid quickly, check details
Foreign Exchange Reserves: Great increase in the country’s foreign exchange reserves, the figure reached $ 641 billion
.
[ad_2]