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Modi government is giving 2000 rupees a chance to buy gold cheaply, today is the last day

The fifth series of Gold Bonds in the current financial year ends today on August 7. This means today is the last chance to invest money in this scheme. RBI has fixed the issue price of Sovereign Gold Bond at Rs 5,334 per gram. That is, you can buy gold at this price.



The fifth series of Gold Bonds in the current financial year ends today on August 7. This means today is the last chance to invest money in this scheme. RBI has fixed the issue price of Sovereign Gold Bond at Rs 5,334 per gram. That is, you can buy gold at this price. Those applying online and paying for this bond will get a rebate of 50 rupees per gram. For such investors, the issue price of gold bonds will be Rs 5,284 per gram. The subscription to the Sovereign Gold Bond Scheme 2020-21-Series V was opened from 3 August.

The fifth installment of Gold Bonds opened for subscription at a time when the price of gold has increased by 37 percent this year and the price of gold has reached around 54,000 per 10 grams. How to get RBI is issuing these bonds on behalf of the Government of India. According to RBI, the bond price is based on the simple average closing price (published by India Bullion and Jewelers Association) for 99.9 purity gold in the last 3 trading days.



You can buy so much gold: There are some rules for buying gold under the Sovereign Gold Bond Scheme. In this scheme, any person can buy gold bonds of maximum 500 grams in a business year. The minimum investment in this bond is one gram. Its investors also get tax rebate. Investors can also take loans from the bank through the scheme.

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Guarantee of 2.5 per cent return: Gold bonds get the benefit of the boom in gold. It also gets 2.5 percent interest annually. Interest will be deposited in the bank account of the investor every 6 months. The final interest is paid on maturity along with the principal. The maturity period is 8 years, but there is also the option of 5 years, 6 years and 7 years. If the market price of gold falls, then there can be a risk of capital loss.



Some special things related to the Gold Bond Scheme: The date of issuing this series of Gold Bonds will be August 11, 2020. Gold bonds have a duration of 8 years. After this, you have the option of exit after fifth year. The sale of gold bonds is done directly or through their agents through banks, designated post offices, stock holding corporations of India limited and stock exchanges. Any person can buy a gold bond of at least one gram.

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