Good News: Buy cheap gold from today till July 16, gold will be available at lower rates than the market, know what will be the price?

222


The sale of the fourth series of Sovereign Gold Bond Scheme 2021-22 (Sovereign Gold Bond Scheme 2021-22 – Series IV) is starting today.


New Delhi: There is good news for those who buy cheap gold. Today, the central government is allowing buying gold at rates even lower than the market. If you also have a plan to buy gold then this is the right opportunity. The sale of Sovereign Gold Bond Scheme 2021-22 – Series IV is starting from 12th July. This sale will run till July 16. Let us tell you at which price you can buy gold from today -


RBI decides the prices - According to the Reserve Bank (RBI), the price of gold in this series has been fixed at Rs 4,807 per gram. Explain that Sovereign Gold Bond is issued by the RBI (RBI) on behalf of the government.

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

Where can you buy Gold Bond - To buy Sovereign Gold Bond, you must have a PAN card. Investors can also buy these bonds online. Apart from this, you can buy it from banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and stock exchanges like NSE and BSE.

How much gold can you buy? -Under the Sovereign Gold Bond Scheme, a person can buy a maximum of 400 grams of gold bonds in a financial year. At the same time, it is necessary to have a minimum investment of one gram. You can save tax by investing in this scheme. Bonds will be restricted for sale to Trustee Individuals, HUFs, Trusts, Universities, and Charitable Institutions.

Know what is Sovereign Gold Bond? In gold bonds, the investor does not get gold in physical form. It is much safer than physical gold. Long-term capital gains tax is levied on it after three years. At the same time, it can be used for its loan. If we talk about redemption, then after five years, you can redeem it anytime.

how the price is decided -Let the applications be issued in at least 1 gram and its multiples. The bond is priced at Indian Bullion and Jewelers Association Ltd. (IBJA) based on the average closing price of gold of 999 purity.