new Delhi. Today is the last chance to buy gold cheaply under the Sovereign Gold Bond scheme. The subscription to the tenth series of Sovereign Gold Bond Scheme 2021-22 (Series-X) was open on 28 February and will be closed on the fifth day today. The government’s sovereign gold bond scheme can be availed by investing just Rs 5,109.
The government had launched the Sovereign Gold Bond Scheme in November 2015. RBI issues this bond on behalf of the government. In this episode, the tenth series of Sovereign Gold Bond Scheme 2021-22 is being sold. This scheme is open for only five days (from February 28 to March 4).
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50 per gram will be discounted on online application
According to RBI, the issue price for the tenth series of Sovereign Gold Bond Scheme 2021-22 has been fixed at Rs 5,109 per gram. It has been decided to give a discount of Rs 50 per gram to the investors applying online. For these, they have to make payment through digital medium. This means that the issue price of the gold bond will be Rs 5,059 per gram for investors making online payments.
Where can I buy Sovereign Gold Bonds?
According to the ministry, these gold bonds will be sold through all banks, Stock Holding Corporation of India Limited (SHCIL), post office and recognized stock exchanges, NSE and BSE. Please tell that they are not sold in Small Finance Bank and Payment Bank.
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Bond purchase limit up to a maximum value of four kilograms
In the Sovereign Gold Bond Scheme, a person can buy a maximum of 4 kg of gold bonds in a financial year. At the same time, it is necessary to have a minimum investment of one gram. At the same time, trusts or similar entities can buy bonds up to 20 kg. Let us tell you that the applications are issued in at least 1 gram and its multiples.
Tags: gold, Gold price, Sovereign gold bond
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