There is going to be a chance for investors to buy cheap gold once again at a lower price than the market. Actually, the government is giving the public a chance to buy gold at cheaper rates from today. The sale of Sovereign Gold Bond Scheme 2021-22 – Series-X is starting from 28th February, 2022. This scheme is open for 5 days only. The tenth installment of Sovereign Gold Bond Scheme 2021-22 will be open for subscription till March 4, 2022. Let us tell you that the Sovereign Gold Bond is issued by the RBI on behalf of the government.
Sovereign gold bond price fixed at Rs 5,109 per gram
The issue price for the tenth installment of Gold Bond 2021-22 has been fixed at Rs 5,109 per gram. Earlier, the ninth installment of Sovereign Gold Bond Scheme 2021-22 was open for subscription from January 10 to January 14, 2022 and the issue price was Rs 4,786 per gram of gold during this period.
50 per gram discount will be available on buying online
The government after consultation with RBI has decided to give a discount of Rs 50 per gram to the investors who apply online. For these, they have to make payment through digital medium. This means that for investors making online payments, the price of gold bonds will be Rs 5,059 per gram.
Where can I buy Sovereign Gold Bonds?
According to the ministry, these gold bonds will be sold through all banks, Stock Holding Corporation of India Limited (SHCIL), post offices and recognized stock exchanges, NSE and BSE. Please tell that they are not sold in Small Finance Bank and Payment Bank.
Bond purchase limit up to a maximum value of four kilograms
In the Sovereign Gold Bond Scheme, a person can buy a maximum of 4 kg of gold in a financial year. At the same time, it is necessary to have a minimum investment of one gram. At the same time, trusts or similar entities can buy bonds up to 20 kg. Let us tell you that the applications are issued in at least 1 gram and its multiples.