new Delhi: The impact of the ongoing war between Russia and Ukraine is visible on the bullion market around the world including India. For the past few days, the price of gold is being seen in India as well as all over the world. Meanwhile, you have a golden opportunity to buy gold cheaper than the market price. Actually, the central government is going to sell cheap gold for the next five days from tomorrow.
In fact, the purchase of the last series of Sovereign Gold Bond has opened from today and will close on March 4. In such a situation, you will have 5 days to buy gold cheaply. This time the price of one gram of gold has been fixed at Rs 5,109. You will also get a discount of Rs 50 on making online payment. That is, if you have to pay Rs 5059, then there is a good chance for you and the investors.
According to the information given by the Reserve Bank of India (RBI) on Friday, the 10th installment of the Gold Bond scheme for the year 2021-22 will open for subscription on February 28. You can apply in this scheme till March 4. There is a provision of special exemption for those who apply online for this.
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.
Big things about Sovereign Gold Bond
– 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:Feb. 28, 2022, 7 am
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