Monday, February 6, 2023
HomeBusinessRBI is bringing an opportunity to buy cheap gold, know the benefits...

RBI is bringing an opportunity to buy cheap gold, know the benefits of investing in Sovereign Gold Bonds

Sovereign Gold Bond: If you like to invest in gold, then the government has brought a golden opportunity for you. From next week, you can invest money in the Sovereign Gold Bond Scheme of the Reserve Bank of India. Under this scheme, you can currently invest your money twice in Sovereign Gold Bond.

The Finance Ministry said that the third series of Sovereign Gold Bonds 2022-23 is opening from 19 to 23 December 2022. The next installment will open in March 2023. You can buy this bond from March 6 to March 10, 2022. If you want to buy gold cheaply, then you can invest in this gold bond issued by RBI.

how to get cheap gold

Under the Gold Monetization Scheme, the Central Government keeps bringing Sovereign Gold Bond Scheme several times a year. Earlier, the government had brought this gold bond scheme in August 2022. Under this scheme, you can get maximum returns by investing your money in investment gold. The government keeps opening this scheme after a certain period. In this, RBI allows customers to take subscription for a limited period. This is a safe investment option because it is guaranteed by the government.

Download Link

Know how much gold you can buy?

According to the rules of the Reserve Bank of India, any person can invest in the Sovereign Gold Bond Scheme. Also Hindu Undivided Family (HUF), trusts, universities and religious institutions can invest. A single person can buy 4 kg of gold. At the same time, more than 2 kg of gold has to be bought in any institution, company and trust.

Here the price of SBG and the interest received on it-

Under the Sovereign Gold Bond Scheme, the investor gets an opportunity to buy gold of 999 purity. You can buy it both online and offline. By investing in gold under this scheme, you will get a fixed return of 2.50% on an annual basis. This interest is credited to the account on half yearly basis. The money received on interest is taxable under section 1961 of Income Tax. When you sell gold under this scheme, you will get the benefit of both price and interest according to the price at that time. You can invest your money in this scheme for a total of 8 years.

Where can I buy Sovereign Gold Bond?

You can buy Sovereign Gold Bond from any government bank or Stock Holding Corporation of India Limited, Post Office. Apart from this, you can buy it from recognized stock exchanges like National Stock Exchange of India Limited and Bombay Stock Exchange.

MOBILE

iPhone 15 Ultra will be launched 2024

iPhone 15 Ultra will be launched 2024

Apple iPhone 2024: Apple is going to launch its new explosive iPhone very soon. A new device is about to come in the lineup. That is, iPhone...
- Advertisment -

Auto

Two Wheeler

Digit News

Jobs