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Sovereign Gold Bond Scheme 2021-22: Great opportunity for Gold Investors, know everything here

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Sovereign Gold Bond Scheme 2021-22: Great opportunity for Gold Investors, know everything here

Sovereign Gold Bond Scheme 2021-22 (Series IX): The Reserve Bank of India has come up with the 9th Series of Sovereign Gold Bond Scheme for gold investors. With this scheme, one can buy gold at a very cheap price.

Sovereign Gold Bond Scheme 2021-22: Date

Let us tell you, this scheme will be open for five days from today (January 10, 2022) to (January 14, 2022).

Sovereign Gold Bond Scheme 2021-22: Issue Price

Let us tell you that the government has cut ₹5 per gram in the ninth series as compared to the eighth series. Actually, the issue price for Series VIII was fixed at ₹4791/gram and for Series IX the price has been fixed at ₹4786.

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Meanwhile, for online investors who mill make payment through digital mode, Reserve Bank has decided to offer a discount of 50/gram less than the nominal value.

If one is interested in investing in Sovereign Gold Bond Scheme 2021-22, he/she can get detailed information on http://onlinesbi.com.

What is Sovereign Gold Bond Scheme?

Under Sovereign Gold Bond Scheme, the government gives investors an opportunity to buy gold at cheaper rates than the market price. The scheme was launched in 2015 to reduce the physical demand for gold and transfer the household savings used in its purchase to financial savings.

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Who is eligible to buy Sovereign Gold Bond Scheme 2021-22?

The Bonds will be restricted for sale to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.

How will the Gold Bonds will be sold?

The Finance Ministry said that these bonds will be sold through Stock Holding Corporation of India Limited (SHCIL), Clearing Corporation of India Limited (CCIL), post offices and recognized stock exchanges (NSE and BSE).

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