Investors can buy gold under the Sovereign Gold Bond scheme from October 25 to 29, 2021 at a price much lower than the market price.
New Delhi. The government is giving an opportunity to the public to buy gold at cheap rates. The sale of Sovereign Gold Bond Scheme 2021-22 – Series-VII is starting from October 25, 2021. This scheme is open for only five days (from 25 to 29 October). During this time, investors will have a chance to buy gold at lower rates than the market. Explain that the Sovereign Gold Bond is issued by the RBI on behalf of the government.
According to the Finance Ministry, under the 2021-22 series of gold bonds, the bonds will be issued in four phases between October 2021 and March 2022. Under this series, bonds have been issued in six phases from May 2021 to September 2021. The ministry said that the subscription period for 2021-22 Series-VII will be from October 25 to October 29 and the bonds will be issued on November 2.
50 per gram discount will be available on online purchase,
investors will be given a discount of 50 rupees per gram on online application and digital payment.
Where can I buy Sovereign Gold Bonds?
According to the ministry, these gold bonds will be sold through all banks, Stock Holding Corporation of India Limited (SHCIL), post offices and recognized stock exchanges, NSE and BSE. Please tell that they are not sold in Small Finance Bank and Payment Bank.
Bond purchase limit up to a maximum value of four kilograms
In the Sovereign Gold Bond Scheme, a person can buy a maximum of 4 kg of gold bonds in a financial year. At the same time, it is necessary to have a minimum investment of one gram. At the same time, trusts or similar entities can buy bonds up to 20 kg. Let the applications be issued in at least 1 gram and its multiples.
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