Sovereign Gold Bonds are open for subscription today, buy gold at a reduced price for the next 5 days
- | Monday | July 12, 2021
Applying online will give you a discount of Rs 50 which means you can buy one gram of gold for Rs 4,757.
The Sovereign Gold Bond Scheme 2021-22 is open for subscription from Monday July 12. Its price has been set at Rs 4,807 per gram. Sovereign Gold Bond Scheme Series IV will begin today, July 12 and run through July 16.
Applying online will give you a discount of Rs 50 which means you can buy one gram of gold for Rs 4,757. A person can buy a maximum of 400 grams of gold bonds over the course of an exercise. At the same time, it is necessary to make a minimum investment of one gram.
A PAN card is mandatory to buy Sovereign Gold Bond, you must have a PAN card. Investors can also buy these bonds online. Apart from that, you can buy it from banks, Stock Holding Corporation of India Limited (SHCIL), some post office and stock exchange like NSE and BSE.
Sovereign gold bonds have an eight-year maturity, with an interest rate of 2.5% per annum. Interest earned on the bond is taxable according to the investor’s tax base, but there is no withholding tax (TDS) on it.
The average rate for sovereign gold bonds was set by IBJA, i.e. Indian Bullion and Jewelers Association, based on the closing price on July 7, 8 and 9. This tariff was issued on the basis of gold of purity 999. The central government will issue gold bonds in 6 tranches under the Sovereign Gold Bond Scheme 2021-22 between May 2021 and September 2021. Its first phase was open for subscription on May 17th.
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