LagatarDesk: The government has once again given an opportunity to the public to buy cheap gold. Investors can buy gold under the Sovereign Gold Bond Scheme at a price much lower than the market price. This scheme is open for five days only. Investors can invest from 12 July to 16 July 2021.
2.5% interest will be given on an annual basis
Gold bonds have a maturity period of eight years. But after five years, the bond can be sold on the next interest payment date. It earns an interest of 2.5 per cent per annum. It is completely safe. In addition, the investor can also take a loan against Sovereign Gold Bonds.
50 rupees discount on buying online
The issue price for this series has been fixed. This time the government has fixed the issue price of Rs 4807 per gram i.e. Rs 48070 per 10 grams. On the other hand, if you buy gold bonds online, then a discount of Rs 50 will also be available on every gram. The issue price for online investors will be Rs 4757 per gram i.e. Rs 47,570 per 10 grams. This is lower than the current gold price of Rs 47910 on MCX
You can buy gold bonds from here
Sovereign Gold Bonds can be purchased from banks, Stock Holding Corporation of India (SHCIL), designated post offices and recognized stock exchanges (NSE and BSE). Please note that it is not available in small finance banks and payments banks. The Sovereign Gold Bond Scheme was launched in November 2015 with the aim of reducing the spot demand for gold. Also, a part of household savings used for the purchase of gold is to be converted into financial savings.
The government raised 25,702 crores from the third series
The issue price of the third series of Sovereign Gold Bond Scheme 2021-22 was Rs 4889 per gram. It was opened for subscription between May 31 and June 4. The government had announced that it would bring six installments of sovereign gold bonds between May 2021 and September 2021. RBI issues these bonds on behalf of the government. Rs 25,702 crore was raised from the third series of sovereign bonds till the end of March, 2021. RBI has launched 12 bond series worth Rs 16,049 crore (32.35 tonnes).
Who can buy Sovereign Gold Bonds?
Any individual and Hindu undivided family can buy gold bonds up to a maximum of 4 kg. For trusts and other institutions, this limit has been kept at 20 kg. Gold bonds can also be bought in the name of a minor, in which case his parent or guardian will have to apply.
