Sovereign Gold Bond: From today you have the opportunity to buy cheap gold. Government’s Sovereign Gold Bond Scheme, the 10th series of 2020-21 (Tranche-X) has opened from today. In which you can invest till 15 January 2021. For the past 6 months, gold prices have remained above Rs 50,000 per 10 grams in the market. In the 9th series of Sovereign Gold Bonds, the price of gold was fixed at Rs 5000 per gram. Although gold futures on MCX are cheaper by about 6 thousand rupees than their height.
1- Chance to buy gold at a cheap price
The Reserve Bank of India has fixed the issue price of Sovereign Gold Bond at Rs 5,104 per gram. The RBI announced this on 8 January, which has opened for subscription from today. Settlement of this issue will be on 19 January.
2- Savings of Rs 500 on online payment
3- You can also invest in 1 gram of gold
4- What is Sovereign Gold Bond?
In Sovereign Gold brand, the investor does not get gold in physical form. It is safer than physical gold. Gold Bond Certificate is given to those who invest in it. And after maturity, when the investor goes to redeem it, he gets money equal to the gold value at that time.
5- Where to buy gold Sovereign Gold Bond?
If you want to invest in Sovereign Gold Bond then you must have PAN. You can apply it to all commercial banks (except RRB, Small Finance Bank, Payment Bank), Post Office, Stock Holding Corporation of India Limited (SHCIL), National Stock Exchange (NSE), Bombay Stock Exchange (BSE) or directly through agents. Can.
6- What is the maturity period?
Investors who subscribed to the first issue of Sovereign Gold Bonds in November 2015 have received returns of around 93% in the last five years. These bonds mature in eight years, but the investor has the option to exit after five years. Sovereign Gold Bond is a long-term investment. The price you get when you redeem it will depend on the price of gold in the market at that time.
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