Sovereign Gold Bond Scheme 2021-22 series 4 opens for subscription today
If you want to invest in gold without the hassle of storing physical gold, then you have a chance to buy gold at cheaper prices than the market prices. The fourth series of the Government Gold Bond Scheme is starting from today. You have the next four days to invest in the fourth series of the Sovereign Gold Bond Scheme 2021-22. The Reserve Bank of India has told that this scheme will be open for investment starting from today i.e. July 12, 2021 till July 16, 2021.
During this time, investors will be able to buy gold bonds at cheap prices. At the same time, some discounts will also be given to those making digital payments for purchases.
What will be the issue price
The issue price for the Gold Bond Scheme 2021-22 has been kept at Rs 4,807 per gram. According to RBI, ‘The price of gold bond has been fixed at Rs 4,807 per gram.’ That is, if you buy 10 grams of gold, then you will be able to buy it for Rs 48,070. But if you make digital payment then you will get a discount of Rs 50 per gram. RBI has said that in consultation with the Government of India, it will give a discount of Rs 50 per gram to the investors who apply online and pay digitally.
According to RBI, “the issue price for such investors will be Rs 4,757 per gram of gold.” That is, if such investors buy 10 grams of gold, then they will get a discount of Rs 500 and they will be able to buy gold at the rate of Rs 47,570.
How much interest will you get
Gold bond is preferred by many investors because it has many benefits for the investor. The first is that they buy gold cheaper than the market. Second, if the price of gold increases in the market, then the price of his investment also increases and the biggest thing is that they get interest on their investment every 6 months. Investors get interest at the rate of 2.5 per cent per annum on the gold bond scheme.
Important thing about investing
In gold bonds, any investor has to invest at least one gram of gold. Know that the maturity period of your investment in Gold Bond Scheme is up to 8 years, but you can also discontinue it after 5 years.
Where can you but Sovereign Gold Bonds
The bonds will be sold through banks (except small finance banks and payments banks), Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges like National Stock Exchange of India Limited and BSE.
