Sovereign Gold Bond Scheme: RBI brings great chance to buy cheap gold

Sovereign Gold Bond Scheme: If you want to invest in a scheme that is sure to fetch extra large returns, then Sovereign Gold Bond is the way to go.

The dates for the second tranche of subscription of the Sovereign Gold Bond (SGB) scheme have been announced by the Reserve Bank of India (RBI).

The second series of SGB plan will start on August 22 and will run till  August 26.

At present, the price under this scheme has not been announced yet, but it is expected that the RBI will announce it soon. Let us tell you that the first series of SGB plan was started from June 20 to June 24 this year.

It is noteworthy that in sovereign gold bonds, the government does not give physical gold to the investors, but gives an opportunity to invest money in gold. In this, a person can buy gold from one gram to four kilograms in a financial year. At the same time, trusts or similar entities can buy bonds up to 20 kg.

If we talk about the return on investment, then in the last one year, gold gave 7.37 percent profit to its investors. The total tenure of the bond is 8 years. Investors can exit the bond after five years if they wish.

Investors applying for and paying for gold bonds through digital means would get a discount of Rs 50 per gram on the issue price. That is, if you buy 10 grams, then there is an immediate benefit of Rs 500. The investors will be given an interest of 2.5 per cent per annum on the fixed price on a half-yearly basis.

The post Sovereign Gold Bond Scheme: RBI brings great chance to buy cheap gold appeared first on News24 English.

, International, ,

Post a Comment

Previous Post Next Post