Sovereign Gold Bond Scheme 2021-22: The central government will issue gold bonds in six installments between May 2021 and September 2021 this year. In this, the first installment was open for subscription from May 17 to May 21 and now the government has fixed the price for the second installment as well. A price of Rs 4,842 per gram has been fixed for the second installment of the Sovereign Gold Bond and it will open between May 24 and May 28. The subscription price for the first installment was fixed at Rs 4,777 per gram. There will be a discount of Rs 50 per gram for buying gold bonds online. This is a golden opportunity for investors. Sovereign gold bond is considered to be the best among the gold investment options in India and the RBI issues it on the central government’s behalf.
Where can you buy gold bonds
Investor must have PAN with every SGB application. You can buy gold bonds online. Apart from this, it will also be sold through banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and stock exchanges like NSE and BSE. They are not sold in Small Finance Bank and Payment Bank.
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How much can you invest
In a Sovereign Gold Bond Scheme, a person can buy a maximum of 4 kg of bonds in a financial year. At the same time, it is necessary to have a minimum investment of one gram. HUFs will be able to invest up to 4 kg in a financial year, while trusts will be able to invest up to 20 kg in it.
These are the advantages of gold bond
- It is tax free on gold bond maturity. At the same time, the expense ratio is nothing. Being supported by the Indian government, there is no risk of default.
- It is also a better option for HNIs, where it does not have to pay capital gains tax to hold till maturity. Equity attracts 10% capital gains tax. In such a situation, it is proving better in long-term investment options.
- It is easier and safer to manage gold bonds than physical gold.
- There is no hassle of purity in this and prices are decided on the basis of pure gold.
- It has easy exit options.
- Against gold bond facility is also available.
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