After Russia’s attack on Ukraine, gold prices are seeing an increase. It is believed that gold may become more expensive in the coming time. Many experts are expressing the possibility of the price of gold touching up to Rs 60,000 per gram. In such a situation, if you want to buy cheap gold, then the Central Government has brought an offer of Sovereign Gold Bond Scheme for you. You can invest in gold between February 28 and March 4.
Sovereign Gold Bond Scheme
According to the Reserve Bank of India, the issue price for the tenth series of Sovereign Gold Bond Scheme has been fixed at Rs 5109 per gram. At the same time, earlier its rates for the 9th series were Rs 4786 per gram.
Discount on online payment
Let us tell you that if you shop online, then you will get the benefit of discount of Rs 50 per gram, but for this you will have to pay in digital mode. If you make an online payment, the issue price of the Gold Bond will be Rs 5,059 per gram for you.
If you are also planning to buy this bond, then its specialty is that you will also get the benefit of interest in it . You will also get the benefit of 2.5 percent interest on the issue price from the central government.
Where to buy this bond?
If we talk about buying it, then investors can buy it through Stock Holding Corporation of India Limited (SHCIL), post office and recognized stock exchanges, NSE and BSE. Let us tell you that they are not sold in Small Finance Bank and Payment Bank.
How much gold can you buy?
If we talk about maximum investment in this, then you can buy maximum 4 kg gold bonds. Apart from this, if we talk about trust or any institution, then it can buy bonds of up to 20 kg.
What is Sovereign Gold Bond?
Let us tell you that this is a kind of government bond. This scheme is issued by RBI. The government started it in the year 2015. You can buy it in the form of weight of gold. If this bond is of 5 grams, then you understand that its price will be equal to 5 grams of gold. Actually, the purpose of starting this scheme was that for those who want to buy gold in paper form, this is a way to buy gold. Because there are issues like buying gold from its security to maintenance.
