Under the Sovereign Gold Bond Scheme, investors can purchase cheap gold between 22nd August, 2022 and 26th August, 2022. Find out everything you need to know about SGB on Money Niyantran before purchasing gold at a rate much lower than the current market price. Follow us to get all latest Stock Market Updates.
Sovereign Gold Bond: Purchase Cheap Gold
RBI has issued the Sovereign Gold Bold on behalf of the Indian Government. The govt. is giving a chance to interested investors to purchase cheap gold and the offer is for a very limited time. The second series of SGB (Sovereign Gold Bond) for 2022-23’s financial year is opening from 22nd Aug, 2022 (Monday). Under this scheme, Rs. 5,197 has been fixed as the price of one gram of gold. Interested people can take advantage of this scheme for only five days (Aug 22nd to Aug 26th). During this period, you too can purchase gold at a much lower rate than the current market price.
Purchase Cheap Gold: What is Sovereign Gold Bond?
Sovereign Gold Bond is basically a government bond in which you won’t be buying physical gold but investing your money in the gold. With the aim to lessen the demand for physical gold, the Indian Government introduced the Government Gold Bond for the first time in the November of 2015. The Reserve Bank of India has issued the bond on behalf of the Central Govt. This scheme’s first series for 2022-23’s financial year was opened on 1st June, 2022.
Purchase Cheap Gold at a Discount Rate of Rs. 50/gram by Paying Online
RBI has also declared that there will be an impressive discount of Rs. 50 for each gram of gold for those investors who’ll pay online. So, if you too are interested to purchase cheap gold, don’t forget to complete the payment via digital medium only. That way, for every one gram of gold you buy, you have to pay a price of Rs. 5,147.
Where Can You Purchase Sovereign Gold Bond?
As per announcements made by the ministry, all banks, post offices, licensed stock exchanges, BSE, NSE, and SHCIL will sell these gold bonds. Under the Sovereign Gold Bond Scheme, one person can purchase cheap gold up to 4 kg. The minimum investment should be of 1 gram. Trusts, on the other hand, can buy a maximum of 20 kg of gold bond under the SGB Scheme.
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