Give this gold paper of the government guaranteed scheme to your sister on Rakshabandhan

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New Delhi: Rakshabandhan is to be celebrated on Monday, August 3, in the year 2020. On the same day, the government’s most hit scheme Gold Bond is opening for reinvestment. The Reserve Bank of India has fixed the issue price of Savarna Gold Bond at Rs 5,334 per gram. That is, you can buy gold at this price. Famous financial experts of the country are also advising to invest in it. Because in this crisis of Corona, people are investing money in gold fast due to safe investment. Also, it is also being estimated that the price of gold can cross 60,000 rupees (Gold Price) per 10 grams by December.


Bumper profits for moneylenders

Gold prices continue to record. The benefit of Sovereign Gold Bond investors is getting tremendous. Investors got 12% returns in just 20 days. At the same time, about 80 percent of returns have been received in the last four years. These sovereign gold bonds are linked to the prices of gold. As gold prices increase, so does your investment. Compared to a Gold ETF, you do not have to pay any charge annually. You can also take a loan based on these bonds. These are in bond paper and electronic format, so it does not cost you to keep them in a locker like physical gold.

How is the government guaranteed?
RBI is issuing these bonds on behalf of the Government of India. According to the RBI, “The price of the bond is based on the simple average closing price (published by India Bullion & Jewelers Association) for the last 3 trading days for 99.9 purity gold.” Earlier, the issue price of gold bonds opened between July 6 and 10 was Rs 4,852 per gram.

Get these benefits together
There are some rules for buying gold under the Sovereign Gold Bond Scheme. In this scheme, any person can buy gold bonds of maximum 500 grams in a business year. The minimum investment in this bond is one gram. Its investors also get tax rebate. Investors can also take loans from the bank through the scheme. Another special thing is that on the gold purchased in this scheme you also get interest at the rate of two and a half percent. In Sovereign Gold Bond Scheme, gold is not bought and kept at home. Rather, it has to be used as an investment in bonds. The price of bonded gold is fixed by the Reserve Bank of India (RBI). To reduce the demand for metallic gold, the government started the Gold Bond Scheme in November 2015.

Let’s know-how and where to buy
(1) If you make digital payment while buying gold in this scheme, you will get a rebate of Rs 50 per gram.

(2) Gold bonds are sold through banks, Stock Holding Corporation of India Limited (SHCIL), and select post offices and recognized stock exchanges such as the National Stock Exchange of India Limited and Bombay Stock Exchange.

(3) The period of investment in this is 8 years, but you can withdraw your money even after 5 years. Capital gain tax is not levied on withdrawing money after five years.

(4) If needed, a loan can also be taken from the bank in lieu of gold. Gold bond paper can also be used as collateral for loans. It is like the National Saving Certificate of the Post Office.

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