Aatmja Kumari(Intern Journalist): There is a good chance for those willing to invest in gold. The government is giving people a chance to buy gold cheaply. Investors can invest in gold under the Sovereign Gold Bond Scheme. Under this scheme, there is an opportunity to invest in gold from 31 August. This opportunity has come at a time when the price of gold has fallen by nearly five thousand rupees from record highs. The Reserve Bank of India (RBI) is launching the sixth phase of the Sovereign Gold Bond Scheme on August 31, in which investments can be made by September 4. For this, RBI has fixed a price of Rs 5,117 per gram.
A discount of Rs 50 per gram will also be given on application and payment through digital medium. For such investors, the effective price under the bond will be Rs 5,067 per gram. The new series gold bonds will be issued on September 8. The smallest bond under this scheme will be equal to one gram of gold. An investor can buy gold bonds equal to a maximum of 500 grams in a financial year. In total, the limit for buying bonds individually is four kilograms. In the case of trust or organization, this limit has been fixed at 20 kg.
In Sovereign Gold Bond Scheme, Indian citizens, Hindu undivided families, trusts, universities and charitable institutions can buy gold bonds. Here let me tell you that Sovereign Gold Bond is issued for eight years. At the same time, after the fifth year the investor gets the option to exit this bond scheme. This gold bond is sold by commercial banks, stock holding corporations, post offices and stock exchanges BSE and NSE.
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