Sovereign Gold Bond Scheme Opens for Subscription on 12 july 2021 Check price other details varpat– News18 Hindi

New Delhi. If you are looking to buy gold cheaply or are thinking of investing in gold, then you are going to get a great opportunity from Monday. Actually, from July 12, the sale of the fourth series of Sovereign Gold Bond Scheme 2021-22 (Sovereign Gold Bond Scheme 2021-22 – Series IV) is starting. This sale will run till July 16. According to the release issued by the Reserve Bank (RBI), the price of gold per gram in this series has been fixed at Rs 4,807. Explain that Sovereign Gold Bond is issued by the RBI (RBI) on behalf of the government. In such a situation, if you are thinking of investing, then let’s know the details about it …

Get discount on buying online
The fourth tranche of Sovereign Gold Bond 2021-22 will open for subscription for five days from Monday. According to RBI, if you apply online for the bond, you will get a discount of Rs 50 per gram. That is, for such investors, the price of one gram of gold bond will be Rs 4,757.

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Know where you can buy bonds?
According to the ministry, these bonds will be sold through all banks, Stock Holding Corporation of India Limited (SHCIL), post offices and recognized stock exchanges, NSE and BSE. Please tell that they are not sold in Small Finance Bank and Payment Bank.

Know how much you can invest?
Under the Sovereign Gold Bond Scheme, a person can buy a maximum of 4 kg of gold bonds in a financial year. At the same time, it is necessary to have minimum investment of one gram. At the same time, trusts or similar entities can buy bonds up to 20 kg. Let the applications be issued in at least 1 gram and its multiples. The bond price is Indian Bullion and Jewelers Association Ltd. (IBJA) on the basis of the average closing price of gold of 999 purity.

Know what is Sovereign Gold Bond?
Sovereign Gold Bond is a government bond. It can be converted into demat form. Its value is not in rupees or dollars, but in the weight of gold. If the bond is of 5 grams of gold, then the value of the bond will be the same as the price of 5 grams of gold. This bond is issued by the RBI government. The Sovereign Gold Bond Scheme was launched by the government in November 2015.

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Why is investing in Sovereign Gold Bonds beneficial?
>> Sovereign Gold Bond is tax free on maturity.
>> There is no risk of default as it is central government backed.
>> Gold bonds are easier to manage than physical gold.
>> There is no hassle of purity and the prices are fixed on the basis of 24 carat gel.
>> It has easy exit options. Loan facility is available against Gold Bond.
>> Its maturity period is 8 years. Also, there is an option to sell after 5 years.

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