The first sale of Sovereign gold bond for the financial year 2021-22 starts on Monday, 17 May. It will last for 5 days.
New Delhi: If you are planning to invest in Gold (Gold Price Today), then there is a good chance for you. The first sale of Sovereign gold bond for the financial year 2021-22 starts on Monday, 17 May. This will last for 5 days, ie you have a chance to buy gold in rates less than 5 days from the market. Special offers are being given to customers by IDBI Bank.
The Finance Ministry said in its release that Sovereign Gold Bonds will be issued in six installments between May and September. The Reserve Bank (RBI) has fixed a price of Rs 4,777 per gram for this. Those who apply for them online and pay through digital payment will get a discount of 50 rupees per gram.
IDBI bank is giving a chance to buy cheap gold
, a photo has been released by IDBI Bank, in which information about buying cheap gold from the bank has been given. Explain that applications are issued in at least 1 gram and its multiples. Bond Price Indian Bullion and Jewelers Association Ltd. (IBJA) has decided based on the average closing price of 999 purity gold. What is Sovereign Gold Bond?
Sovereign gold bond is a government bond. It can be converted into demat form. Its value is not in rupees or dollars, but in the weight of gold. If the bond is of five grams of gold, then the price of five grams of gold will be the same as the price of the bond. This bond is issued by the RBI government. The government launched the Sovereign Gold Bond Scheme in November 2015.
according to Gold Ministry, this bond is available to all banks, stock holding corporation of India Limited (SHCIL), will be sold through the Post Office and Accredited Stock Exchanges, NSE and BSE.
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