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Sunday, 11 July 2021

one more chance to buy cheap gold than the market

one more chance to buy cheap gold than the market

 one more chance to buy cheap gold than the market! 

From today you have one more chance to buy cheap gold. The fourth series of Sovereign Gold Bond Scheme 2021-22 is starting from today and will continue till July 16. According to a release issued by the Reserve Bank of India (RBI), gold in the series has been priced at Rs 4,807 per gram. Sovereign gold bonds are issued by the RBI on behalf of the government. In this case, if you are thinking of investing, let us know the details.

Discounts will be available on online purchases

The fourth series of Sovereign Gold Bond 2021-22 is open for subscription for five days from Monday. According to the RBI, if you apply for a bond online, you will get a discount of Rs 50 per gram. This means that for such investors, a gram of gold bond will cost Rs 4,757.

Know where you can buy bonds?

According to the ministry, the bonds will be sold by all banks, stock holding corporations of India Limited (SHCIL), post offices and recognized stock exchanges, NSE and BSE. However it is not sold by Small Finance Bank and Payment Bank.

How much can you invest?

Under the Sovereign Gold Bond Scheme, a person can purchase a maximum of 4 kg of gold bonds in a financial year. At the same time, there must be a minimum investment of one gram. At the same time, trusts or similar institutions can buy bonds up to 20 kg. Applications are issued in at least 1 gram and its multiplication. The bond was valued at Indian Bullion and Jewelers Association Ltd. (IBJA) 999 is determined on the basis of the average closing price of pure gold.

Know what is a sovereign gold bond?

Sovereign Gold Bond is a government bond. It can be converted to demat form. Its value is not in rupees or dollars, but in the weight of gold. If the bond is 5 grams of gold, the value of the bond will be equal to the price of 5 grams of gold. The bonds are issued by the RBI government. The Sovereign Gold Bond Scheme was launched by the Government in November 2015.

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Why is it beneficial to invest in sovereign gold bonds?

>> Sovereign gold bonds are tax free on maturity.

>> There is no risk of default as it has the support of the central government.

>> Gold bonds are easier to manage than physical gold.

>> There is no hassle of purity and prices are determined on the basis of 24 carat gold.

>> It has easy exit options. Loan facility is available against gold bond.

>> His maturity period is 8 years. Also, get the option to sell after 5 years.

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