Sovereign Gold Bond: Under the scheme, you can buy gold in the form of bonds, that is, customers do not buy gold physically. As a bond, you can invest a minimum of one gram and an investor in a gold bond up to a maximum of four kilos in a fiscal year.
Sovereign Gold Bond: The central government has launched the 11th series of sovereign gold bond scheme from February 1 to February 5. Under this, customers are getting the opportunity to buy gold at a cheaper rate. Under this series, the price of one gram of gold has been fixed at Rs 4912.
Along with this, the government is also giving a discount of 50 rupees per gram in association with the Reserve Bank of India (Aribi). If you buy online you will get a discount of 50 rupees. That is, the issue price for online investors is slightly lower.
Under this scheme, you can buy gold in the form of bonds, that is, customers do not buy gold physically. As a bond, you can invest a minimum of one gram and an investor in a gold bond up to a maximum of four kilos in a fiscal year.
These bonds are issued for a period of eight years and there is also an option to withdraw after five years. Customers can buy from Banks, Stock Holding Corporation of India Limited, select post offices and NSE, BSE.
There are many advantages to buying gold bonds, for example, it gets an interest of 2.5% per annum. Apart from this, the facility of taking loans against bonds, guarantee on capital and interest and maturity of gold bonds is tax free. Apart from this, physical gold is very difficult to maintain, but managing gold bonds is easy and safe.
