Good news: Cheap gold will be available from tomorrow! this price was fixed for 10 grams of gold: If you are thinking of investing in gold, then you have a great opportunity. Tomorrow ie 17 May 2021 you will get a chance to buy gold cheaply. The Central Government is giving this opportunity.
If you get married at the time of coming to your house. Or if you are thinking of investing in gold, then you are having a great opportunity. Tomorrow ie 17 May 2021 you will get a chance to buy gold cheaply. The Central Government is giving this opportunity. In fact, the government has released the issue price for the first sale (Series I) of Sovereign Gold Bond 2021-22 for the financial year 2021-22. Under this series, the sale of sovereign gold bonds will be held during 17-21 May and the settlement date will be 25 May 2021. Let’s know everything about this government scheme-
Rs 4,777 per gram
The Finance Ministry said in its release that Sovereign Gold Bonds will be issued in six installments between May and September. Under the first instalment of FY 2021-22, purchases can be made between May 17 and 21 and bonds will be issued on May 25. The Reserve Bank (RBI) has fixed a price of Rs 4,777 per gram for this. Those who apply for them online and pay through digital payment will get a discount of 50 rupees per gram.
According to the ministry, these bonds will be sold through all banks, Stock Holding Corporation of India Limited (SHCIL), Post Office and recognized stock exchanges (Stock Exchanges), NSE and BSE.
Know how much you can invest?
The duration of the Sovereign Gold Bond will be for eight years. From the fifth year, the scheme gives an option to withdraw from the date of payment of interest. Under the scheme, individual investors and Hindu undivided families can invest at least one gram and a maximum of four kilograms of gold in a financial year. Trust and other such units can invest in 20 kg of gold every year.
Know how the price is decided?
Explain that applications are issued in at least 1 gram and its multiples. Bond Price Indian Bullion and Jewelers Association Ltd. (IBJA) has decided based on the average closing price of 999 purity gold.
What is Sovereign Gold Bond?
Sovereign gold bond is a government bond. It can be converted into demat form. Its value is not in rupees or dollars, but in the weight of gold. If the bond is of five grams of gold, then the price of five grams of gold will be the same as the price of the bond. This bond is issued by the RBI government. The government launched the Sovereign Gold Bond Scheme in November 2015.
