You will get big discount if you buy gold online, know what is the government’s plan

Gold demand is increasing. Meanwhile, the next installment of Gold bond is going to come from December 28. For this, the price of Rs 5000 per gram (Gold price today) has been fixed.




Gold demand is increasing. Meanwhile, the next installment of Gold bond is going to come from December 28. For this, the price of Rs 5000 per gram (Gold price today) has been fixed. According to the Reserve Bank, applications for the 9th series of the Government Gold Bond Scheme 2020-21 can be applied between 28 December 2020 and 1 January 2021.

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Not only this, the government will give discounts in its upcoming gold bond scheme to investors applying online using digital mode. The center will give a discount of Rs 50 per gram from the issue price to the investors using digital for membership as well as advice with the Reserve Bank of India.

Offer will come on 28 dec

In the scheme to open on December 28, the issue price of the bond is Rs 5,000 per gram. But the exempted investors will be allowed to subscribe to the bond for Rs 4,950.

Gold Bond for 8 years

These gold bonds are issued for 8 years and there is also an option to withdraw after 5 years. Applications are issued in at least 1 gram and its multiple.

Gold can be bought up to 4 kg

An investor can invest for a minimum of 1 gram and more than 4 kg. It is permissible to invest up to 4 kg for a Hindu undivided family and up to 20 kg for a trust etc. in a business year.

Highlights of Sovereign Gold Bond Scheme

The scheme was launched in November 2015. This means reducing the demand for physical gold and using domestic savings used in the purchase of gold in financial savings.
Instead of buying gold at home, if you invest in Sovereign Gold Bond, you can also save tax.

A person who invests in the Sovereign Gold Bond Scheme can buy up to 500 grams of gold bonds in a business year.

At the same time, minimum investment is one gram.

Any person or HUF can buy a maximum bond of 4 kg of gold in a business year.




Overall, the limit for buying bonds individually is 4 kg.

20 kg has been earmarked for the trust or organization. The maturity period of this scheme is 8 years.

If you still want to sell bonds, you have to wait for at least 5 years.

You can save tax by investing in this scheme.

Under the scheme, an interest of 2.5 per cent will be earned on the investment.