Excellent opportunity to buy gold
Any investor can buy sovereign gold. Its issue price has been fixed at Rs 5,409 per gram. This means that the price of one gram of gold has been fixed at Rs 5,409 this time. There is also a discount of Rs 50 on online payment. In other words, one gram of gold will cost you just Rs 5,359. You and your investors have an excellent chance to buy gold in such a scenario.
If we talk about buying, investors can do it through recognized stock exchanges like NSE and BSE, Post Office and Stock Holding Corporation of India Limited. Inform them that the Microfinance Bank and the Payments Bank do not sell them.
If we talk about the maximum investment, then you can buy only 4 kilograms of gold bonds. In addition, each institution or trust can purchase 20 kilograms of bonds.
This is a special government bond, let’s say. This program was launched by RBI. The government initiated it in 2015, and you can buy it for its gold value. If this bandage weighs 5 grams, be aware of its value.
Gold news: Learn about sovereign gold bonds
- The average price of 999 pure gold on the last three working days of the week preceding the subscription period for calculating the Gold Bond (Sovereign Gold) rate. IBJA (Indian Bullion and Jewelers Association) publishes 999 purity gold prices.
- Investors who apply and pay online will get a discount of Rs. 50.
- The bonds are sold through NSE and BSE, certain post offices, Stock Holding Corporation of India, Clearing Corporation of India and scheduled commercial banks, except small finance and payments banks.
- Investors receive 2.5% interest on the face value of their investment every six months.