Best opportunity to buy cheap gold, RBI announces second tranche of Sovereign Gold Bond Scheme, know date
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- Best opportunity to buy cheap gold
- RBI Announces Sovereign Gold Bond Scheme
- Know from which date you can buy gold
Pricing for the scheme has not
Yet been announced The prices of the second tranche of this sovereign gold bond scheme starting from August 22 i.e. next Monday have not been announced yet. In the first series, the Reserve Bank of India fixed the issue price at Rs 5091 per gram. On online purchase, you get an additional discount of Rs 50 per gram. So its price has gone up to Rs 5041 per gram.
How much and who can invest
These bonds can only be purchased by resident individuals, Hindu Undivided Families (HUF), trusts, universities and charitable institutions. Individual investors can buy a maximum of 4 kg gold bonds in a year. Apart from this, trusts or institutions can buy a maximum of 20 kg bonds in a year.
Rs.50 off per gram on online purchases
Subscription cost per gram for investors applying and paying for gold bonds through digital means 50 will be less. Investors will be paid 2.5 percent interest per annum on the fixed price.
The sovereign gold bond will have a tenor of eight years and customers will have an option to exit after the fifth year. These bonds have a maturity period of 8 years and a lock-in period of 5 years, so they can be redeemed prematurely after 5 years and fully redeemed after 8 years.
Where can one buy gold bonds?
Capitalist can buy it through Stock Holding Corporation of The India Limited (SHCIL), Post Office and esteemed stock exchanges, NSE and BSE. However, you cannot buy these from Small Finance Banks and Payments Banks. Buy one unit of gold bond and the amount equal to its value is deducted from the account linked to your demat account.
