The Government sell Gold at Cheap Price You Can buy cheap gold from July 6

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The Government sell Gold at Cheap Price You Can buy cheap gold from July 6
The Government sell Gold at Cheap Price You Can buy cheap gold from July 6

Sovereign Gold Bonds: Speaking of this year, gold has risen by more than Rs 9500 and gold has also crossed the 48900 level this week. In just 6 months, gold has given investors a 24 percent return, which is better than any other. asset class. Gold has always been a good investment option especially from the Indian perspective. But the current surge has increased curiosity about gold. If you have missed the advantage of this fast and still want to avoid physical Boeing in Corona crisis, then there is no need to be disappointed. Next week, from July 6, you have the opportunity to invest in sovereign gold bonds. The fourth series of Gold Bonds is going to open from July 6 this financial year.

Experts say that the rise in geopolitical tensions between the US, China, India and Iran has once again supported gold. At the same time, shopping in gold as a safe haven has intensified, once again, in fear of a second wave of corona virus. Uncertainty about the development remains intact, till Diwali gold may show a level of 52 thousand per 10 grams. In such a situation, investing in gold bonds is a profitable deal.

Great Investors Feedback

This year, Sovereign Gold Bonds has also received favorable response from investors. The government earned a record Rs 1168 crore by selling 2.5 million units through sovereign gold bonds in May. Earlier in October 2016, the government sold the highest gold bond worth Rs 1082 crore. In the May series, Gold Bonds were opened for subscription between 11 May and 15 May, with a unit price of Rs 4590. There was a discount of Rs 500 per 10 grams or Rs 50 per gram for buying online. The government had raised Rs 822 crore in the April series of gold bonds. A total of 39 issues have been released so far.

Next 3 series in 3 months

Fourth Series: Subscriptions can be taken from 6 July to 10 July. Its instalment will be released on 14 July.

Fifth Series: Membership can be taken from August 3 to August 7. Its instalment will be released on 11 August.

Sixth Series: Membership can be taken from 31 August to 4 September. Its instalment will be released on 8 September.

Benefits of gold binding

Gold bonds benefit from the rise 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 at maturity along with the principal. The maturity period is 8 yrs, but there is also the alternative of 5 years, 6 years and 7 years. If the market price of gold falls, there may be a risk of capital loss.

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Speciality

  • There is no risk of default from being supported by the Government of India
  • Easier and safer than physical sleeping
  • Easy exit option
  • Fixed interest rate with capital gains
  • Gold bond loan facility against

You can also buy 1 gram of gold

A person can buy bonds of minimum 1 gram and maximum 4 kg in a financial year. However, the maximum purchase limit is 20 kg.

Get Rs 50 Off on Online Purchase

Investors will get a discount of Rs 50 per gram for buying online. Gold bond prices

The last 3 days have been decided by the India Bullion and Jewelers Association Ltd. on the basis of 999 purity gold prices. At this average price, the government fixes the price of gold bonds by giving some amount.

Where to buy

You can buy these gold bonds online. Apart from this, it will also be sold through banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and stock exchanges like NSE and BSE.

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