Sovereign Gold Bond Subscription Price: The Reserve Bank of India has announced the subscription period for investing in the Sovereign Gold Bond Scheme. Investors who make online payment will get the benefit of discount.
New Delhi: At present, fluctuations in the prices of gold are being seen. But you will get a chance to buy gold at 50 per cent cheaper. Gold has been the investment of choice in India for years.
Because the price of gold is increasing continuously. Buying gold has always proved to be a profitable trade even after minor corrections. Many people only invest in physical gold. But there is more risk.Therefore, buying gold online can also be beneficial for you. Many people invest in physical and online gold.
Sovereign Gold Bond Scheme
If you are also thinking of investing in gold, investing in gold can provide better returns than FDs or other investments. You can also earn interest income like FD and other investments by investing in Sovereign Gold Bonds. Sovereign gold bonds have made their first range of the year.
In which they are giving up to 50% discount on gold. In this scheme you can buy physical or online gold. The first phase of this scheme will start from 19 June 2023. In which investments can be made till June 23.
You can also take loans against these bonds.
Sovereign Gold Bond Subscription Price
The issue price of the bond during the Sovereign Gold Bond subscription period is Rs. 5,926 per gram. Reserve Bank of India has allowed investors who apply online to make payment through digital mode at the issue price of Rs. 50 discount has been decided. For such investors, the subscription price of Gold Bonds per gram of gold is Rs. 5,876 will be.
The price of this bond is fixed by the Indian Bullion and Jewelers Association Limited. The price of these bonds is determined based on the published rate.
RBI is going to bring its second series from 11 September to 15 September 2023. The impact of the decision taken by the US Fed Reserve on the monetary policy is being seen in the prices of gold and silver.
