Last chance to buy cheap gold from Modi government Sovereign Gold Bond subscription is closing today - Business News India

Last chance to buy cheap gold from Modi government Sovereign Gold Bond subscription is closing today – Business News India


Hindi News BusinessLast chance to buy cheap gold from Modi government, Sovereign Gold Bond subscription is closing today

Live Hindustan, New DelhiDrigraj Madheshia

Fri, 14 Jan 2022 09:34 AM
Last chance to buy cheap gold from Modi government, Sovereign Gold Bond subscription is closing today

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If you might be considering of shopping for cheap gold from Modi government, then today is your final chance. Let us inform you that you’ll not get this gold in bodily type. You had a chance to spend money on gold beneath the Sovereign Gold Bond Scheme 2021-22 from January 10 to 14, and today is its final day. If we discuss yesterday’s closing fee of Rs 48031 per 10 grams given on the positioning of IBJA, then today Sovereign Gold Bond is cheaper by Rs 171 now. If you make digital cost then will probably be cheaper by Rs 671 per 10 grams. ,

10 necessities of Sovereign Gold Bond

  1. Sovereign Gold Bond is a government bond, issued by RBI. It could be transformed into demat type.
  2. There is no want to fear about purity in Sovereign Gold Bonds.
  3. The worth of the gold bond is linked to the value of 24 carat purity gold printed by the Indian Bullion and Jewelers Association.
  4. RBI has fastened the value of Sovereign Gold Bond at Rs 4,786 per gram.
  5. For making use of on-line and making digital cost, you’re going to get a reduction of Rs 50 per gram. You have to pay Rs 4,736 for 1 gram of gold.
  6. The problem worth has to be paid to a SEBI licensed dealer for buy. After the bond is offered, the cash will get deposited within the investor’s account.
  7. Sovereign Gold Bonds provide a set rate of interest of two.50% each year on the difficulty worth.
  8. This cash reaches your account each 6 months. However, tax may have to be paid on it in accordance to the slab.
  9. It is needed to have a PAN to make investments. The bonds will likely be offered via all banks, Stock Holding Corporation of India Limited, acknowledged inventory exchanges, National Stock Exchange of India Limited and Bombay Stock Exchange Limited.
  10. Investment could be made via financial institution branches, submit places of work, inventory exchanges and Stock Holding Corporation of India.

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