Sovereign Gold Bond: Only 4 more days will get cheaper gold, know everything

Sovereign Gold Bond: The central government is once again selling gold cheaply to the common people and investors. The purchase of Sovereign Gold Bond, the last series of the year, has opened from Monday 28 February and will close on 4 March. In such a situation, you have four days left when you can buy gold cheaply. This time the price of one gram of gold has been fixed at Rs 5,109. There will also be a discount of Rs 50 on making online payment, that is, you will have to pay Rs 5059, so there is a good chance for you and investors.

Subscription of Sovereign Gold Bonds issued by the Government In Sovereign Gold Bonds, the investor does not get gold in physical form. However, this gold is safer than physical gold. Currently, the rate of 1 gram of gold in the market is around Rs 5100. In such a situation, the Modi government is selling you gold cheaply.

How to buy gold: You can buy these sovereign gold bonds from recognized stock exchanges like NSE, BSE. Apart from this, your own bank, public sector or private banks also give the option to buy gold bonds. It can be purchased from Stock Holding Corporation of India (SHCIL) and also from post offices. Keep in mind that it is not sold from small finance banks and payment banks.

How much interest will you get: The maturity period of Sovereign Gold Bond Scheme will be 8 years. There will also be an option to withdraw investment from the bond after 5 years on the next interest payment date. In this you can invest by buying 1 gram of gold. Interest will be available in this issue at the rate of 2.5 percent per annum. This interest will be credited to your account every 6 months.

Tax exemption is available: There will be many more benefits with exemption under Income Tax rules on the profit made on its sale. This is the fourth episode of the financial year 2021-22 for investment in gold bonds by the government. The Finance Ministry said in a statement that sovereign gold bonds will be issued in six installments between May and September.

The scheme was started in 2015: The government started this scheme in 2015. Sovereign Gold Bonds are government securities. It was launched as an alternative to physical gold.