The government issues a series of sovereign gold bonds from time to time to increase investment and transparency in gold. Under this, investors get gold at a lower price than the market price.
Sovereign Gold Bond
The phase of fluctuations in the prices of gold and silver continues. In such a situation, if you are planning to invest in gold, then you have a great opportunity to buy gold cheaply and the government is giving this opportunity to itself. Yes, the government is going to release the first series of sovereign gold bonds for the financial year 2021 -22 on Monday, May 17.
The subscription for the Sovereign Gold Bond Second Series will open from May 24 to May 28. Subscribers in this period will be issued gold bonds on 1 June. After this, the subscription of the third series will open from May 31 to June 4, the tooth series from July 12 to July 16. The issue date for the third series is June 8, while the bond issue date for the fourth series is July 20.
The government issues bonds from time to time
The government issues a series of sovereign gold bonds from time to time to increase investment and transparency in gold. Under this, investors get gold at a lower price than the market price, as well as full government guarantee of safety in it. The KYC norms of the customers for buying this bond will be the same as that of buying gold from the market. The government’s sovereign gold bond scheme started in November 2015.
You will get more discount if you buy online
The government has been continuously making new efforts to promote online transactions for the last few years. Under this, the government has also given an additional discount of Rs 50 per ten grams for buying online in sovereign gold bonds. That is, if you invest online, you will have to pay 50 rupees less for every ten grams. According to the Finance Ministry, the price of gold bond will be at the normal average price of the price issued by the India Bullion and Jewelers Association Limited. This price will be the average price of gold of 99.9 purity during the last three business days of the week before the investment period.
Can shop up to 4 kg
Any citizen of India can invest up to 4 kg of gold in this government bond. This investment will be through bonds. You will not get physical gold in it. At the same time, the maximum purchase limit for trust and other institutions has been kept at 20 kg.
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