Sovereign Gold Bond: Great chance to buy cheap gold!! Know details here

If you are planning to buy gold or invest in gold, then you have a golden opportunity to buy gold at a cheaper rate than the market price. From Monday, the government is going to sell gold at a cheaper price than the market.

Sovereign Gold Bond: If you are planning to buy Gold or invest in gold, then you have a golden opportunity to buy gold at a cheaper rate than the market price. From Monday, the government is going to sell gold at a cheaper price than the market. 

In fact, a new consignment of gold bonds is going to open from tomorrow. The government is going to sell gold at a cheap rate between Monday, January 20 and June 24.

The central bank RBI has fixed a price of Rs 5091 per ten grams for the first series of sovereign gold bonds 2022-23. However, if you apply for these bonds online and pay it digitally, then you can also get a discount of Rs 50 per ten grams i.e. Rs 5041 per ten grams will have to be paid online.

If we talk about maximum investment in this, then you can buy maximum 4 kg of gold bonds. Apart from this, if we talk about trust or any institution, then it can buy bonds up to 20 kg.

That this is a kind of government bond. This scheme is issued by RBI. The government started it in the year 2015. You can buy it in the form of weight of gold. If this bond is of 5 grams, then you understand that its price will be equal to 5 grams of gold.

Sovereign Gold Bond is a government bond, issued by RBI. It can be converted into demat form. Its value is in the weight of gold. If the bond is worth five grams of gold, then the value of the bond will be the same as the price of five grams of gold. The issue price has to be paid to a SEBI authorized broker for purchase. After the bond is sold, the money gets deposited in the investor's account.

Important points related to Sovereign Gold Bond

- Gold Bond prices are determined on the basis of average price of gold of 999 purity in the last three working days of the previous week of the subscription period. The Indian Boolean and Jewelers Association (IBJA) publishes the price of gold of 999 purity.

- Investors will get a discount of Rs 50 on online application and payment.

- Bonds will be sold through scheduled commercial banks, Stock Holding Corporation of India, Clearing Corporation of India, select post offices, NSE and BSE, except small finance and payment banks.

- Investors will get interest on the nominal value of the investment at the rate of 2.5 per cent per annum every six months.