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Investment in RBI Sovereign Gold Bonds: If you want to buy Sovereign Gold Bonds on this Akshaya Tritiya, then you can invest in the bonds issued by the Reserve Bank of India. Most recently, on March 14, they were issued by the RBI. Also, the central bank gives you the facility to buy SGB in exchange offer. But considering the rising gold prices, investing in these gold bonds can prove to be a bit risky, as gold prices have increased by 23 percent (as per US dollar) since the month of November last year.
What is Sovereign Gold Bond?
People are a little hesitant to keep gold articles at home. That’s why RBI gives this facility to the people that those who want to buy gold, they can invest in gold and keep it safe with RBI in the form of gold bonds. Investing in these gold bonds is done for eight years, but if the gold bond holders wish, they can get these bonds released in the fifth, sixth or seventh year.
Condition to buy sovereign gold bond
If someone wants to invest in Sovereign Gold Bonds, then it is necessary to buy at least one gram of gold. Also, a maximum of 4 kg of gold bonds can be bought in SGB through one person. RBI gives 2.5 percent interest every year on these bonds.
SGB rate
According to experts, the ever-increasing prices of gold are telling that this is not the right time to invest in gold. SGB rates released in March last year touched their highest prices till date. Which reached Rs 5611 per bond. Let us tell you that RBI started Sovereign Gold Bond from the year 2015. Whereas in the year 2016, the rates of SGB were at their lowest level. Then its rate was 2600 per bond.
exchange offer
Sovereign gold bonds can be traded in direct purchase as well as on the exchange, but there is a high possibility of rate change on the exchange of low priced gold bonds. Buying SGB on the exchange can be lucrative for you. In such a situation, as a buyer, you need to be cautious, so that the right gold bond can be purchased and you can get more profit in the long term.
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