This time on the occasion of Holi, there is a chance to buy new clothes, gifts and sweets instead of gold at a cheaper price. Modi government is once again going to sell gold cheap, from today till March 10, gold can be bought at lowest price. In fact, the government is going to launch the fourth series of Sovereign Gold Bond Scheme (Sovereign Gold Bond Scheme 2022-23-Series IV) from today i.e. March 6, 2023. In this you can invest in gold in the form of bonds.
The price of gold bonds in the fourth series of the Sovereign Gold Bond Scheme to be implemented from March 6 to 10 has been fixed at Rs.5,611 per gram. The most unique thing about this scheme is that discount is going to be offered on online payment as well. .
If you make online payment for Sovereign Gold Bond Scheme, you will get Rs. 500 discount can be availed. In this, people who pay in online mode can get a discount of up to Rs.50 per gram. In this case, if you buy 10 grams of gold, you will get a discount of Rs.500.
Where to buy gold bonds
Gold bond is issued by RBI on behalf of Government of India. Only Indian citizens, undivided Hindu families, trusts, universities, charitable organizations can purchase under the Sovereign Gold Bond Scheme. These bonds are sold through commercial banks, Stock Holding Corporation of India Limited, Clearing Corporation of India Limited, Post Office, NSE, BSE.
Gold bonds earn 2.5% interest
This bond has a maturity of 8 years, but customers can withdraw it after five years. Another advantage of this bond is that it also earns 2.5 percent annual interest.
What is Sovereign Gold Bond Scheme? The Sovereign Gold Bond Scheme is a central government scheme that allows investment in non-physical gold. That is, instead of investing in gold bars, coins or jewellery, invest in non-physical gold. The central government launched the Sovereign Gold Bond Scheme in November 2015 with an aim to reduce the demand for physical gold and convert some of the savings into financial savings. The Reserve Bank of India (RBI) issues these bonds on behalf of the government.
