new Delhi. The government is giving an opportunity to the public to buy gold at cheap rates. The sale of Sovereign Gold Bond Scheme 2021-22 – Series-X is starting from 28 February 2022. This scheme is open for only five days (28 February to 4 March). During this time, investors will have a chance to buy gold at lower rates than the market. Let us tell you that the Sovereign Gold Bond is issued by the RBI on behalf of the government.
Sovereign gold bond price fixed at Rs 5,109 per gram
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. Earlier, the ninth installment of Sovereign Gold Bond Scheme 2021-22 was open for subscription from January 10 to 14, 2022 and the issue price was Rs 4,786 per gram of gold during this period.
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50 per gram discount will be available on buying online
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: Earn money, Gold, Investment and return, Sovereign gold bond
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