Sovereign Gold Bond Scheme: Government is giving a chance to buy cheap gold from today, you will get a discount on making digital payments

Investors will be able to re-invest in the Sovereign Gold Bond Scheme (SGB) scheme from today 22nd August. According to the Reserve Bank of India, the gold bond scheme under the second series of 2022-23 will be available for purchase from August 22 to 26. The issue price for this is Rs 5,197 per gram. In this report, know who can invest in it, from where you can buy these bonds and how payment can be made for it.

Where to Buy
RBI issues gold bonds. These bonds are sold through banks, Stock Holding Corporation of India Limited (SHCIL), designated post offices and recognized stock exchanges i.e. NSE and BSE.

Who can buy bonds
These bonds can be sold only to Indian citizens, Hindu undivided families, HUFs, trusts, universities and charitable institutions.

What limit for whom
The maximum limit for subscription of these bonds is also prescribed. The maximum limit for subscription of bonds for Indian citizens and Hindu undivided families (HUF) is four kilograms per financial year. For trusts and other entities like this, it is 20 kg per financial year.

This was the purpose of bringing the plan
It is known that the central bank i.e. RBI issues Sovereign Gold Bond (SGB) for those investing in gold on behalf of the Government of India. In order to reduce the physical demand of gold, the government first came up with the Gold Bond scheme in November 2015.

Why invest in it?
It is a safe way of investment. There is no concern about the safety and maintenance of gold. Its maturity is eight years. The lock-in period of this scheme is five years i.e. once you buy the bond, you cannot sell it for at least five years.

They will get discount
According to the statement issued by the Reserve Bank of India, investors who apply and pay online for Sovereign Gold Bond Scheme 2022-23 (Sovereign Gold Bond Scheme, SGB) through online or digital medium will get Rs 50 per issue price. Village discount will be available. The issue price of Sovereign Gold Bond Scheme 2022-23 (SGB) has been kept at Rs 5,147 per gram for investors making online application and payment.