Opportunity to invest in Sovereign Gold Bond before Holi, will get a discount of Rs 50 per gram

Sovereign Gold Bond: Before Holi, RBI is going to start the fourth series of Sovereign Gold Bond Scheme from March 6. You can invest in this scheme till 10 March. Know what is this scheme and its benefits.

Opportunity to invest in Sovereign Gold Bond before Holi, will get a discount of Rs 50 per gram

Sovereign Gold Bond Apply:

The Reserve Bank of India is offering a chance to put resources into gold a couple of days before Holi. The fourth series of the Sovereign Gold Bond Plan is beginning from Monday, Walk 6. You can put resources into it till Walk 10. The cost of Sovereign Gold Bond has been fixed at Rs 5,611 for each gram by the public authority. In any case, in the event that you apply on the web and make computerized installment, you can get a markdown of up to Rs 50 for each gram.

Rs 5,611 per gram

Sovereign Gold Bond gave by RBI is an administration gold. Its cost is per gram of gold. This time the public authority has fixed the cost of Sovereign Gold Bond at Rs 5,611 for each gram. You can likewise change over Sovereign Gold Bonds into demat structure. The bond is worth as much as five grams of gold. Sovereign Gold Bonds can be purchased exclusively through SEBI approved representatives. Premium of 2.50 percent is acquired consistently on the issue cost of the bond. It arrives at the record after like clockwork.

You can buy so much gold in a year

After selling the Sovereign Gold Bond, the money is deposited in the investor’s account. The price of Sovereign Gold Bond is linked to the price of gold of 24 carat purity issued by the Indian Bullion and Jewelers Association. In a financial year, any person can buy bonds worth one gram and four kilograms in Sovereign Gold Bond. Whereas, if we talk about trust, then the maximum limit is 20 kg. Its maturity period is eight years. You can withdraw the money after five years. Sovereign gold bonds can be traded on NSE. Apart from this, mortgage can also be kept.

You can also get exemption from capital gains tax through sovereign gold bonds. There is no GST and making charge in this. Keep in mind that if you withdraw money in five years, then 20.08 percent long term capital gain tax is levied. Let us tell you that on Saturday, March 5, the price of 24 carat gold is Rs 56,103 per 10 grams.

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