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Wednesday, October 27, 2021

Started Buying Gold at Cheaper Rates

Those who wanted to buy gold at cheaper rates for marriage or for any other reason have been given good news from Sarkara. Yes, the government has recently introduced a scheme. Under which beneficiaries can buy gold at cheaper rates and the scheme has been started from last Monday. The scheme is named Sovereign Gold Bond Scheme 2020-21.

Sarkari Gold Bond Scheme: Government’s Gold Bond Scheme of government buying gold at cheaper rates has started

Sovereign Gold Bond Scheme

Not only this, if you also want to take benefits under this scheme, then if you want to invest in gold, then you can subscribe for it till August 7, the upcoming date. At the same time, the issue price of Rs 5,334 per gram has been set by the Reserve Bank (RBI) for this scheme of the government to invest in gold at discounted rates. Also, the last date to issue this fifth series of Sarkari Gold Bond Scheme has been set as August 11.

Sarkari Gold Bond Scheme: How to buy cheap gold

According to the RBI that issued the issue under the government-implemented Sarkari Gold Bond Scheme, the issue price of the Sovereign gold bond scheme of Series-5 for the year 2020-21 would be Rs 5,334 per gram. Along with this, a discount of Rs 50 per gram will be given to those applying and paying for this bond online. This means that online buyers will have to pay Rs 5,334 per gram instead of Rs 5,334 per gram as the issue price of gold bonds. On the other hand, if someone buys 10 grams of gold, then he has to pay only Rs 52,840 instead of Rs 53,340. That is, a discount of up to 500 rupees will be given for buying 10 grams of gold.

Last time was the issue price of RBI

At the same time, the last time when the RBI issued the fourth series of Sovereign gold bond, its issue price was Rs 4,852 per gram at that time and the issue came between 6 July 2020 and 10 July 2020. After this, the series of Sovereign gold bond which came between 8 and 12 June was the third series. It had an issue price of Rs 4677 per gram for the subscription.

Sarkari Gold Bond Scheme: What is the government’s gold bond scheme

Under this government-implemented Gold Bond Yojana, at least one gram of gold can also be invested and any individual or HUF can purchase up to four kilos of gold in a financial year. However, trust or any other institution can buy up to 20 kg of gold in a financial year under this scheme. RBI announced in April this year that it will release six Sarkari Gold Bond Series from April to 20 September 2020. At the same time, RBI issues Sovereign gold bond on behalf of the Government of India.

Who can apply

On the other hand, if you also want to take benefits under this Sarkari Gold Bond Yojana and are residing in the country, then citizens of India, Hindu undivided families, trusts, universities and charitable institutions can invest. In addition, the sale of gold bonds is done directly or through their agents through banks, designated Indian Post Office, Stock Holding Corporation of India Limited and stock exchanges.

Also read: – PM Kisan Yojana Balance Check: the sixth installment of the scheme, check the balance in your Jan Dhan account

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