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Sovereign Gold Bond issue opens from today, the issue price is Rs 4807 / gram, will be able to invest till July 16

Let us also inform that the Central Government will issue Gold Bonds in 6 installments under Sovereign Gold Bond Scheme 2021-22 between May 2021 and September 2021. Its first phase was open for subscription on 17 May.

Another Sovereign Gold Bond issue is opening from today. Its issue price has been fixed at Rs 4807 per unit. If you apply online for this, then you will get a discount of 50 rupees. In this way, the rate of gold bond for online applicants has been fixed at Rs 4,757 per gram. You will be able to invest in this Sovereign Gold Bond issue from today till July 16.

RBI has given information about this issue by issuing a press release. This is a good opportunity to invest in Sovereign Gold Bond Scheme 2021-22 Series IV. Its average rate has been fixed by IBJA i.e. Indian Bullion and Jewelers Association on the basis of closing prices of 7th, 8th, and 9th July. This rate has been issued on the basis of gold of 999 purity.

Let us also inform you that the Central Government will issue Gold Bonds in 6 installments under Sovereign Gold Bond Scheme 2021-22 between May 2021 and September 2021. Its first phase was open for subscription on 17 May.

You can buy these Sovereign Gold Bonds from recognized stock exchanges like NSE, BSE. Apart from this, it can also be purchased from the Stock Holding Corporation of India (SHCIL) and post offices. Keep in mind that it will not be sold from small finance banks and payment banks.

The Sovereign Gold Bond Scheme will have a maturity period of 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. The issue will get interested at the rate of 2.5 percent per annum. This interest will be credited to your account every 6 months.

The profit on its sale will get many more benefits along with exemption under income tax rules. 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 government started this scheme in 2015. According to the data, around 65 tonnes of gold was sold through SGB in the last financial year. Sovereign Gold Bond are government securities. It was launched as an alternative to physical gold.

Manvendra Chaudhary

Manvendra Chaudhary, with over 5 years of professional experience as CEO of Unique News and Megalent Marketing, shares insights on life, business, and health for your success.

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