RBI has announced the investment date for investors wishing to invest in Sovereign Gold Bonds. Apart from this, RBI has fixed Rs 5923 per gram. You can invest in minimum 1 gram of gold. The maximum subscription limit for a financial year is 4 kg for individuals and 20 kg for trusts and similar entities.
The Reserve Bank of India (RBI) has brought a golden opportunity for people who are dreaming of buying pure gold.
For those investors who want to invest in Sovereign Gold Bond, RBI has announced the dates for investing in Sovereign Gold Bond.
You can invest from this day
Let us tell you that RBI has fixed the issue price for Sovereign Gold Bond at Rs 5,923 per gram, which will open for subscription from September 11 and will remain open till September 15.
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You can invest for a minimum of 1 gram of gold. The maximum limit of subscription in each financial year is 4 kg for individuals and 20 kg for trusts and similar entities.
You will get discount on payment through digital mode
This time, on the advice of RBI, the government has decided to give a discount of Rs 50 per gram less than the minimum price to investors who apply online for Sovereign Gold Bond and make payment through digital mode . Accordingly, the issue price for those who apply online and make online payment for it is Rs 5,873 per gram.
Bonds will be sold through these
Let us tell you that Sovereign Gold Bonds will be sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges such as NSE and BSE .
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What is the purpose of bringing Sovereign Gold Bond?
The scheme was launched in November 2015 to reduce the demand for physical gold and to shift a part of the household savings used for purchase of gold into financial savings.
The Bonds will be priced in Indian Rupees on the basis of simple average closing price of gold of 999 purity published by the India Bullion and Jewelers Association Limited for the last 3 working days of the week preceding the subscription period.
This gold bond scheme has a tenor of 8 years with an exit option after the fifth year on the next interest payment dates.
