New Delhi: If you want to buy gold on the occasion of Holi, then there is good news for you. The government is going to give a chance to buy cheap gold from March 6, 2023. Investors will be able to invest till March 10, 2023, under the Sovereign Gold Bond (SGB) scheme. The fourth series of Sovereign Gold Bond 2022-23 (Sovereign Gold Scheme 2022-23-Series IV) will open from March 6 to March 10 for a subscription.
The price for gold bonds opening for five days has been fixed at Rs 5,611 per gram. The Reserve Bank of India (RBI) said in a statement on Friday that Sovereign Gold Bond Scheme will be available between 6 March 2023 to 10 March 2023 under the fourth series of 202-23.
A discount of Rs 50 per gram will be available on purchasing online
It has been decided to give a discount of Rs 50 per gram to investors applying online. For these, they have to pay through digital media. This means that the issue price of gold bonds for investors’ online payment will be Rs 5,561 per gram.
Where will you be able to buy Sovereign Gold Bond?
The RBI issues gold bonds on behalf of the Government of India. These residents can be sold only to individuals, undivided Hindu families (HUFs), trusts, universities, and charitable institutions. Sovereign Gold Bond sales Scheduled Commercial Banks (Except for Small Finance Banks, Payment Banks,s and Regional Rural Banks), Stock Holding Corporation of India Ltd., Clearing Corporation of India Ltd., Designed Post Office, NSE (NSE) and BSE (BSE It will be done through.
2.50 percent interest to customers on Sovereign Gold Bond
The maturity period of a Sovereign Gold Bond is 8 years. Also, after the 5th year, you get the option to get out on the next interest payment dates. According to the statement, investors will get 2.50 percent annual interest on the half -yearly basis at the marked price.
