Great opportunity to buy cheap gold! You can invest from March 6 to 10, know the issue price

Sovereign Gold Bond Scheme: On the occasion of Holi, the government is giving an opportunity to buy cheap gold (Cheap Gold Buying Tips). Under the Sovereign Gold Bond Scheme, you can invest in it between March 6 and March 10, 2023. Under the fourth series of this sovereign gold bond 2022-23, you can subscribe to gold bonds in these five days.

What is the issue price of Sovereign Gold Bond?

Sovereign Gold Bond Scheme (Sovereign Gold Bond Scheme Details) is a government-backed gold bond scheme in which you get the guarantee of security by the Government of India on investing money. Reserve Bank of India issues this bond. The issue price of this gold bond has been fixed by the RBI at Rs 5,561 per gram. On the other hand, if you buy this gold through online medium, then you will get an additional discount of Rs 50 per 10 grams. To get this discount, you have to make online payment.

Where can I buy Sovereign Gold Bonds?

The government issues this gold bond. In this case, you can buy it from any commercial bank (except Small Finance Bank, Regional Rural Bank and Payment Banks) from anywhere. Apart from this, Sovereign Gold Bond can also be purchased from National Stock Exchange (NSE), Bombay Stock Exchange (BSE), Stock Holding Corporation of India, Authorized Post Offices and recognized Stock Exchange.

Who can invest in Sovereign Gold Bond Scheme?

Any resident of India, Hindu Undivided Family (HUF), trusts, universities and religious institutions can invest in Sovereign Gold Bond Scheme. If a person wishes, he can buy maximum 4 kg of gold in a year. At the same time, the company or trust can buy gold up to a maximum of 20 kg.

Know how much interest is received

Sovereign Gold Bond is exactly like real gold. You can sell it only at the current rate of Sole. The maturity of this scheme is in total 8 years. At the same time, after the 5th year of investment, you can exit this scheme before the next interest payment. Under this scheme, investors are paid an interest rate of 2.50 per cent. Sovereign Gold Bond Scheme was launched in the year 2015. Under this scheme, instead of buying physical gold, the government gives people an opportunity to buy sovereign gold, in which they get the benefit of returns like real gold. Along with this, there is no hassle of keeping it safe like physical gold.

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