New Delhi If you want to buy cheap gold then there is a better chance for you. For the next series of government gold bonds, the issue price has been fixed at Rs 5,000 per gram. The Reserve Bank of India (RBI) gave this information on Thursday. The value of the gold bond has been fixed at Rs 5,000 per gram, the RBI said in a statement. The Government Gold Bond Scheme 2020-21 series will open for nine subscription on December 28, 2020 and close on January 1, 2021.
Bond Price Indian Bunion & Jewelers Association Ltd. Published by is based on the simple average closing price. In this, the value of 999 purity gold subscription is taken for fixing the price i.e. the average of three business days of the previous week of the application period. The business day on this issue is 22 to 24 December. According to RBI, the government, in consultation with the central bank, has decided to give a rebate of Rs 50 per gram to investors for applying online and making payments through digital medium.
How long to invest
The central bank issues government gold bonds 2020-21 on behalf of the Indian government. Investors in bonds can invest in multiples of one gram. The investment period in this is eight years. From the fifth year the option to withdraw from the date of interest payment is available from the scheme. The issue price of the Series Eight gold bond was fixed at Rs 5,177 per gram. It was open for application on November 9 and closed on November 13. Gold Rate! 22 Dec: Gold and Silver Rate, know at which rate started trading today
Who is Investment Discount
The sale of gold bonds will be done through banks (excluding small finance banks and payment banks), stock holding corporations of India, nominated post offices and recognized stock exchanges (BSE and NSE). Bonds will be sold individually to residents here, Hindu undivided families, trusts, universities and charitable institutions. Individual and Hindu undivided families can invest in this for a minimum of one gram of gold and a maximum of four kg of gold per financial year. While the Trust and other units of this type can invest 20 kg of gold per year.
