Sovereign Gold Bonds: Gold is a great opportunity for investors. A new consignment of gold bonds is going to open next week, for which the price has been fixed.
Sovereign Gold Bonds: This is a great opportunity for gold investors. A new consignment of gold bonds is going to open next week, for which the price has been fixed. Investors can invest money in it next week from Monday, January 10 to January 14. The central bank RBI has fixed the price of Rs 4786 per ten grams for the next installment of Sovereign Gold Bond 2021-22. However, if you apply for these bonds online and pay it digitally, then you can also get a discount of Rs 50 per ten grams i.e. Rs 4736 will have to be paid for every ten grams online.
Tax Evasion: Shocking disclosure on tax evasion, Modi government has no record of action in seven years
Special things related to Sovereign Gold Bonds
- Gold Bond prices are determined on the basis of the average price of gold of 999 purity in the last three working days of the previous week of the subscription period. The Indian Boolean and Jewelers Association (IBJA) publishes the price of gold of 999 purity.
- On online application and payment, investors will get a discount of Rs 50.
- The bonds will be sold through scheduled commercial banks, Stock Holding Corporation of India, Clearing Corporation of India, select post offices, NSE and BSE, except small finance and payments banks.
- Investors will get interest on the nominal value of the investment at the rate of 2.5 per cent per annum every six months.
Budget 2022 Expectations: COVID patients and their families have great expectations from the upcoming budget, the Finance Minister can give big relief like this
- You have to invest at least 1 gram of gold through gold bonds. Apart from this, individuals are allowed to invest up to 4 kg and entities like trusts are allowed to invest a maximum of 20 kg in gold bonds in a financial year.
- The tenure of these bonds will be 8 years. However, after holding for five years, you can withdraw your capital on the next interest payment date.
- The redemption price will be determined on the basis of the average closing price of gold of 999 purity in the last three working days published by IBGA.
- The interest earned on investment in bonds will be taxed, but the capital gain on redemption does not attract tax liability of the individual.
- These bonds are also traded on the stock exchange.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
.