Opportunity to buy cheap gold from RBI, additional discount of Rs. 500 directly on online purchase Sovereign Gold Bond Scheme Rbi Issue Price 4807 Rupees Per Gram Know More

Opportunity to buy cheap gold from RBI, additional discount of Rs. 500 directly on online purchase Sovereign Gold Bond Scheme Rbi Issue Price 4807 Rupees Per Gram Know More

According to the RBI, the price of gold bonds has been fixed at Rs 4,807 per gram.

Opportunity to buy cheap gold from RBI, additional discount of Rs 500 directly on online purchase

Sovereign Gold Bond

New Delhi: Sovereign Gold Bond Scheme: There is good news for buying gold. The issue price of Government Gold Bond Scheme 2021-22 has been fixed at Rs 4,807 per gram. They will be open for purchase from July 12. The Reserve Bank of India (RBI) said this on Friday. The fourth series of Government Gold Bond (SGB) Scheme 2021-21 will be open for purchase from 12 July to 16 July 2021. According to the RBI, the price of gold bonds has been fixed at Rs 4,807 per gram. (Sovereign Gold Bond Scheme Rbi Issue Price 4807 Rupees Per Gram Know More)

A discount of Rs 50 per gram to investors who pay digitally

The Reserve Bank, in consultation with the Government of India, will offer a rebate of Rs 50 per gram to investors who apply online and pay digitally. According to the RBI, the issue price for such investors would be Rs 4,757 per gram of gold. The issue price of the third series gold bond was Rs 4,889 per gram. It is open for purchase from May 31 to June 4, 2021. Earlier, the government had announced that from May 2021 to September 2021, government gold bonds would be issued in six branches. The RBI will issue bonds on behalf of the Government of India.

So far, Rs 25,702 crore has been collected through this channel

Bonds are sold by banks (excluding microfinance banks and payment banks), stock holding corporations of India Limited (SHCIL), designated post offices and accredited stock exchanges such as the National Stock Exchange of India Limited and BSE. The Gold Bond SGB Scheme, launched in 2015, raised a total of Rs 25,702 crore at the end of March 2021. The Reserve Bank has issued 12 series of SGBs worth a total of Rs 16,049 crore (32.35 tonnes) during 2020-21.

Why invest in Sovereign Gold Bonds?

Sovereign gold bonds are issued by the government at regular intervals. SGBs are issued at the current price of gold. The SGB is invested for eight years. It has a lock-in period of five years. SGB ​​cannot be sold in these five years. But SGB can be sold after the five-year lock-in period is over. If you have SGB till maturity, no capital gains tax will be levied on the investment. You will get interest at the rate of 2.5% per annum on the investment in SGB. This interest will be paid on a semi-annual basis.

How Much Money Does a Salesman Make?

At the time of redemption or premature redemption for an investment in the SGB, the investor receives the same amount as the market price of the same gold. Redemption is an SGB sale. Apart from this, there is also an option to take physical gold in SGB. Buying gold in the form of bonds also reduces the risk and cost of storage. This assures investors that they will get the market price of gold at maturity.

Is there a charge for sovereign gold?

Apart from this there is no making charge on SGB and no worries about accuracy. Investors have to pay a making charge when buying gold in the form of jewelry. There is also concern about the purity of gold. These bonds are kept in Reserve Bank of India (RBI) book or demat mode to allay fears of defeat.

How good is a long-term investment?

Experts say SGB is a great tool for long-term investing for investors looking to hold securities until they mature. Sovereign gold bonds can be sold in the secondary market. The secondary market means that SGBs can be sold to other financial institutions instead of where they are bought.

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Sovereign Gold Bond Scheme Rbi Issue Price 4807 Rupees Per Gram Know More

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