Wednesday, October 4th, 2023

Today is the last chance to buy cheap gold, know the process of buying sovereign gold bonds

Sovereign Gold Bond Scheme: If you like to invest in gold, then the government has brought a great opportunity for you to invest in the Sovereign Gold Bond scheme. On buying gold under this scheme, you can buy cheap gold (Cheap Gold Buying Tips) from the market rate. Along with this, you also get a government guarantee on investing in it. If you want to invest in this bond in the year 2022, then this is your last chance. This is the third Sovereign Gold Bond Scheme for the financial year 2022-23, in which investors can invest from December 19 to December 23, 2022. In such a situation, today i.e. Friday is the last chance to buy this bond. The issue price of Sovereign Gold Bond to be issued by the Reserve Bank has been fixed at Rs 5,409 per gram.

Huge discount on buying SGB online

Let us tell you that if you buy Sovereign Gold Bond online (Gold Online Buying), then you are getting a huge discount on it. You will get an additional discount of Rs 50 per gram on taking SGB online. In this case, instead of Rs 5,409, this bond will be available at Rs 5,359 per gram.

Investors will get 2.50 percent return

Let us tell you that Sovereign Gold Bond is a government guaranteed scheme in which you can invest for up to 8 years. Under this scheme, after the 5th year, you get the option to exit from the interest payment dates. In such a situation, investors can get an annual return of 2.50 percent by investing in this scheme.

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Know how much you can buy gold bonds

Let us tell you that any individual and any institution can buy Sovereign Gold Bond. Indian citizens can also buy many of these. Apart from this, institutions, universities, religious institutions, families can also buy gold bonds. A single person can buy gold up to 4 kg and an organization can buy up to 20 kg. Under this scheme, the government gives 2.50 percent interest rate to the investor on an annual basis.

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Where can I buy SGB

You can buy Sovereign Gold Bond from any government or private bank (except Payments Bank, Small Finance Bank and Regional Rural Bank). Apart from this, you can also buy it from Stock Holding Corporation of India Limited, NSE, BSE or Post Office.

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