Sovereign Gold Bond Scheme: Great opportunity to buy cheap gold from July 12

The government is once again coming up with an opportuinity to buy gold at cheap rate. The sale of the fourth series of Sovereign Gold Bond Scheme 2021-22 is going to start. According to the information, the government gold bond scheme will open on July 12 i.e. on Monday and will continue till July 16.

In a release issued by the Reserve Bank, it was said that the price of gold per gram in this series has been fixed at Rs 4,087. The fourth series of Sovereign Gold Bonds will open as a subscription for five days from Monday. RBI said that if someone applies online for the bond, then he/she will also be given a discount of Rs 50 per gram. That is, investors will be able to get it at Rs 4,757.

How and where to buy bonds?
According to the ministry, all banks, post offices and recognized stock exchanges, NSE, will be sold through Stock Holding Corporation of India Limited, BSE.

How much can be bought?
In the Sovereign Gold Bond Scheme, a person can buy a maximum of 4 kg of gold bonds. At the same time, it will be necessary to have a minimum investment of one gram. As an example, if the bond is of five grams of gold, then the price of five grams of gold will be the same as well as the price of the bond.

In the year 2015, the government launched the Sovereign Gold Bond Scheme.
Sovereign Gold Bond is a government bond. It can be changed in Demat form. Its value is not in rupees or dollars but in the weight of gold. The government started the Sovereign Gold Bond Scheme in the year 2015.