New Delhi: If you are planning to buy gold cheaply then there is good news for you. The government is going to sell gold at a cheaper price from the market from today. Actually, a new consignment of gold bonds is going to open from tomorrow. The government is going to sell gold at a cheap rate between Monday, January 10 and January 14.
The central bank RBI has fixed the price of Rs 4786 per ten grams for the next installment of Sovereign Gold Bond 2021-22. However, if you apply for these bonds online and pay it digitally, you can also get a discount of Rs 50 per ten grams i.e. Rs 4736 per ten grams will have to be paid online.
If we talk about buying it, then investors can buy it through Stock Holding Corporation of India Limited, Post Office and recognized stock exchanges, NSE and BSE. Please tell that they are not sold in Small Finance Bank and Payment Bank.
If we talk about maximum investment in this, then you can buy maximum 4 kg of gold bonds. Apart from this, if we talk about trust or any institution, then it can buy bonds up to 20 kg.
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.
sovereign gold bond special things related to
– Gold Bond prices are determined on the basis of average price of gold of 999 purity in the last three working days of the previous week of the subscription period. The Indian Boolean and Jewelers Association (IBJA) publishes the price of gold of 999 purity.
Investors will get a discount of Rs 50 on online application and payment.
Bonds will be sold through scheduled commercial banks, Stock Holding Corporation of India, Clearing Corporation of India, select post offices, NSE and BSE, except small finance and payment banks.
Investors will get interest on the nominal value of the investment at the rate of 2.5 per cent per annum every six months.
first published:Jan. 10, 2022, 7:56 a.m.