Symbolic picture.
Symbolic picture.
Sovereign Gold Bond (SGB) : The government has brought a great opportunity for those who want to invest in gold. You can buy cheap gold under the Government’s Sovereign Gold Bond Scheme. Through this scheme you will get gold at the rate of Rs 5,923 per gram. Earlier, subscription for the first series of Sovereign Gold Bond was opened from 19 to 23 June.
According to the information, Reserve Bank of India (RBI) has issued a circular for this. According to RBI, the second series of Sovereign Gold Bond Scheme 2023-24 will be open from September 11 to September 15. Under this, gold bonds are cheaper than the market price and discounts are also being given on its online purchase. At the same time, if any customer invests in it online then they will be given a discount of Rs 50 per gram. That means these investors will get the price of gold bond at Rs 5,873 per gram.
You can invest for this period
The maturity time of the Sovereign Gold Bond Scheme is approximately eight years. In this scheme the investor is required to invest at least one gram of gold. If the investor needs a loan in future, he can also take a loan against Sovereign Gold Bond, but for this he will have to pledge his gold bond.
You can buy gold from here
– Bond banks (all banks except small finance banks and payment banks)
-Stock Holding Corporation of India (SHCIL)
-You can buy gold from nominated post offices.
-Recognized Stock Exchanges
-National Stock Exchange of India Limited (NSE)
-Bombay Stock Exchange Limited (BSE)
The scheme was started in the year 2015
This scheme was started in November 2015. Sovereign gold bonds are denominated in grams of gold and serve as an alternative to ownership of physical gold. The objective of this scheme is to reduce the demand for gold and encourage people to save. So that India’s financial infrastructure can be further strengthened.
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