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Saturday, November 27, 2021

Sovereign Gold Bond: buy gold cheaply on budget day, this is the whole way

Sovereign Gold Bond: Gold prices may have dropped, but experts believe that this year gold can touch 63,000 levels. In this case, if you also want to invest in gold. So the Modi government has given a better chance for you. The government is giving cheap opportunity to invest in gold. In fact, the 11th series of Sovereign Gold Bond is opening for investment from February 1. The series will be open for investment from February 1 to February 5. This time for gold bonds, the government has fixed the issue price at Rs 4912 per gram i.e. Rs 49120 per 10 gram.

If you buy online, you will get a discount of 50 rupees. The issue price for online investors will be Rs 4862 per gram i.e. Rs 48620 per 10 gram. The budget will also be presented tomorrow and from this day you are also getting a chance to invest in gold. The interesting thing is that the government has brought this series through sovereign gold bonds at a time when gold is about Rs 7,000 cheaper than its record high this year.

How much can you invest

In Sovereign Gold Bond Scheme, a person can buy more than 400 grams of gold bonds in a fiscal year. At the same time, at least 1 gram of investment is necessary. 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.

Where can you buy gold bonds?

You can buy gold bonds online. Apart from this, its sale can also be bought by banks, Stock Holding Corporation of India Limited (Stock Holding Corporation of India -SHCIL), select post offices and stock exchanges like NSE, BSE. They are not sold in Small Finance Bank and Payment Bank. The settlement date of these bonds is dated 9 February 2021.

Advantage

Gold bonds are tax free at maturity. There is no risk of any kind of default in it. It is easier and safer to manage gold bonds than physical gold. There is no hassle of purity in this and its prices are decided on the basis of pure gold.

Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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