Today is the last day for investing in the fifth phase of the government scheme Sovereign Gold Bond. The price for investment in Sovereign Gold Bonds has been kept at Rs 5,334 per gram, which is much lower than the market price.
Can buy gold cheaply
You can buy cheap gold under the RBI’s Sovereign Gold Bond Scheme. This price is much lower than the market price for investing in gold. Today, the price of gold was rising and it has reached a new high. According to the website of India Bullion and Jewelers Association (Ibzarets.com), the spot price of bullion market across the country stood at Rs 56,254 per 10 grams in August-August 2020.
Gold prices will be lower
Under this scheme you can buy gold at Rs 5,334 per gram, those who pay online will also get a discount of Rs 50 per gram. Such national investors have to invest Rs 5,284 per village. That means you will invest in gold at a price of Rs 341 per gram less than the market price. 3341 people will be paid less than 10 grams of gold.
That is the rule
A person investing in Sovereign Gold Bond Scheme can buy a maximum of 500 grams of gold bonds in a financial year. One village has the lowest investment. Taxes can be saved by investing in this project.
You can buy from here ..
These bonds can be purchased through Stock Holding Corporation of India Limited as well as banks, post offices, NSE and BSE. These bonds can also be bought online from banks. Now investors will be able to invest in this gold bond scheme on 31st August. The scheme will be open for investment from August 31 to September 4, 2020.
Gold at the new peak, silver a few steps away from breaking the 19-year-old record