Sovereign Gold Bonds 2023-24: There has been a sharp increase in the price of gold in the last one year. Many times, common people lost their gold. However, then a decline in prices was seen. But, you have a great opportunity to buy cheap gold. The Reserve Bank of India said that the Government Gold Bond (SGB) will open for five days from Monday. The issue price of this installment of gold bonds has been fixed at Rs 6,263 per gram. Government Gold Bond Scheme 2023-24 Series Four will be open from 12th to 16th of this month. The central bank said that the value of the bond is Rs 6,263 per gram of gold. The Government of India has decided to give a discount of Rs 50 per gram from the face value to investors who apply online and make payment through digital means. RBI said that the issue price of gold bonds for such investors will be Rs 6,213.
Where can you buy gold
SGBs are issued by scheduled commercial banks (except small finance banks, payments banks and regional rural banks), Stock Holding Corporation of India Limited (SHCIL), Settlement Corporation of India Limited (CCIL), designated post offices, National Stock Exchange India Limited and BSE Limited. Will be sold through. The Central Bank actually issues gold bonds on behalf of the Government of India. These can be sold only to resident individuals, Hindu Undivided Families (HUF), trusts, universities and charitable institutions.
Investors will get double the benefit
The maximum limit of subscription is four kilograms for individuals, four kilograms for HUF and 20 kilograms for trusts and similar institutions per financial year. The Gold Bond Scheme was first introduced in November 2015 with the intention of reducing the physical demand for gold. The investor is going to get double benefit by investing money in this, firstly he will earn interest and secondly GST will also be saved. The government gives 2.5 percent interest on gold bonds. The government deposits this money in the investor’s bank account every six months. To promote online purchasing, the government is also giving a discount of Rs 50 per gram on the investment amount.
What is Reserve Bank of India Sovereign Gold Bond
Sovereign Gold Bonds issued by the Reserve Bank of India are a special type of financial security issued for the purpose of mobilizing financial resources for the Government of India. This bond has a fixed tenure and a fixed interest rate, which means that investors are given income in the form of interest at regular intervals and the principal amount is returned on time. Reserve Bank of India Sovereign Gold Bonds provide a useful financial source for the Indian Government and provide a stable and safe investment opportunity for them. It provides financial security to investors like gold, which means that they provide capital to the government and can earn interest by investing against it. Government sovereign gold bonds help finance the economic plans and projects of the Indian government and help meet various financial goals. Please note that the disputed and primary details of the Sovereign Gold Bond may change over time, so you may need to check the details and get the most up-to-date information.