The RBI said in a statement on Friday that the Sovereign Gold Bond (SGB) will open for five days from Monday. The subscription price of this installment of gold bond has been fixed at Rs 6,263 per gram.
sovereign gold bond scheme 2024: The Reserve Bank of India said in a statement on Friday that the Sovereign Gold Bond (SGB) will open for five days from Monday. The subscription price of this installment of gold bond has been fixed at Rs 6,263 per gram. Let us tell you, the returns of Sovereign Gold Bond have been excellent. Because of which a large number of investors want to bet on it.
They will get discount (sovereign gold bond price)
Sovereign Gold Bond Scheme 2023-24 Series Four will be open from 12th to 16th of this month. “The value of the bond… is Rs 6,263 per gram of gold,” the central bank said. The Government of India has decided to give a discount of Rs 50 per gram from the face value to investors who apply online and make payment through digital means. RBI said the issue price of gold bonds for such investors will be Rs 6,213.
Where will you be able to buy sovereign gold bonds
SGBs are issued by scheduled commercial banks (except small finance banks, payments banks and regional rural banks), Stock Holding Corporation of India Limited (SHCIL), Settlement Corporation of India Limited (CCIL), designated post offices, National Stock Exchange India Limited and BSE Limited. Will be sold through.
Who can buy Sovereign Gold Bond
The Central Bank actually issues gold bonds on behalf of the Government of India. These can be sold only to resident individuals, Hindu Undivided Families (HUF), trusts, universities and charitable institutions. The maximum limit of subscription is four kg for individuals, four kg for HUF and 20 kg for trusts and similar institutions per financial year. The gold bond scheme was first introduced in November 2015 with the intention of reducing the demand for physical gold.
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