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Home Personal Finance Sovereign Gold Bond: 500 rupees discount and interest on buying gold, second...

Sovereign Gold Bond: 500 rupees discount and interest on buying gold, second installment starting from today, know details

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Sovereign Gold Bond: New series of Sovereign Gold Bond opens from today, know the price band and how to invest

The second installment of Sovereign Gold Bond will run from 22 August 2022 to 26 August 2022. If you are planning to buy or invest in gold this week, then from today the ‘golden chance’ of buying gold is starting for you.



New Delhi: If you are planning to buy or invest in gold this week, then from today the ‘golden chance’ of buying gold is starting for you. In fact, on 22 August 2022 i.e. from today, the second scheme of Sovereign Gold Bond scheme run by RBI is starting.

This scheme has been started by the central government to invest in digital gold. Under this scheme, you will be able to buy gold at a cheap price from the market. The second installment of Sovereign Gold Bond will run from 22 August 2022 to 26 August 2022.

How much will be the price of 10 grams of gold

According to the information received from the notification issued by RBI, the price of 1 gram of gold of 999 purity has been fixed at Rs 5,197. Accordingly, the price of 10 grams of gold becomes Rs 51,970. On the other hand, on making online payment, you will get a discount of Rs 50, after which the price of 1 gram of gold will be Rs 5,147 and accordingly the price of 10 grams of gold will be Rs 5,1470.

Get benefit of interest

You will also get the benefit of interest by buying gold bonds. On buying it from RBI, interest is given at the rate of 2.5 percent annually. Apart from this, you will also get a discount of Rs 50 per gram on online payment. Accordingly, a discount of Rs 500 per ten grams will be available.

Can buy so much gold

At least 1 gram of gold can also be bought in the Sovereign Gold Bond scheme launched by the government. Bonds under this scheme are issued by the Reserve Bank of India. Through the scheme, any Indian person, Hindu Undivided Family, Trust and University can buy gold. Under this, you can buy gold up to a maximum of 4 kg.

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