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HomePersonal FinanceHurrry Up! Last chance to buy cheap gold! This scheme of the...

Hurrry Up! Last chance to buy cheap gold! This scheme of the government is ending today

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Sovereign Gold Bond Scheme: The sixth series of Sovereign Gold Bond Scheme started on 30th August was opened for 5 days. Today i.e. on 3rd September is the last day to invest in this scheme. In this scheme you can invest in gold at affordable rates.


New Delhi: Sovereign Gold Bond: If you are thinking of buying cheap gold, then today is your last chance. The sixth series of the Sovereign Gold Bond Scheme of the Reserve Bank (RBI) will close today. This series was opened for 5 days on 30 August.

Issue Price of Sovereign Gold Bond Scheme

The issue price for the sixth series of Sovereign Gold Bond Scheme 2021-2022 has been fixed at Rs 4,732 per gram, i.e. you will have to spend Rs 47320 for 10 grams. Right now, October futures on MCX are trading around Rs 47000 per 10 grams. State Bank of India has also tweeted regarding investment in Sovereign Gold. SBI has told that if customers want to invest in it, then go to http://onlinesbi.com .

Discount on applying digitally

If you want to invest in Sovereign Gold Bonds, then you should do it digitally, because the Reserve Bank gives a discount of Rs 50 per gram on digital subscription, that is, you will get a discount of Rs 500 per 10 grams. That means gold of Rs 47320 will cost you Rs 46820 per 10 grams.

Where can I buy Sovereign Gold Bonds?

All banks, except Sovereign Gold Bond Small Finance Bank and Payment Bank, Stock Holding Corporation of India (SHCIL), designated post offices recognized stock exchanges, National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited ( BSE) can be purchased.

After how many years maturity

The maturity of Sovereign Gold Bond is 8 years. But after five years, you can exit from this scheme on the next interest payment date. In Sovereign Gold Bond, the investor is required to invest at least one gram of gold. If needed, the investor can also take a loan against the sovereign gold bond but the gold bond will have to be pledged.

Who can buy Sovereign Gold Bond?


Any individual and Hindu undivided family can buy gold bonds up to a maximum value of 4 kg. For trusts and other similar institutions, this limit has been kept up to the equivalent price of 20 kg of gold. Sovereign Gold Bond can also be bought as a joint customer. It can also be bought in the name of a minor. In the case of a minor, his parent or guardian has to apply for the Sovereign Gold Bond.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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