New Delhi. If you too are planning to buy or invest in gold, then you have a tremendous opportunity for five days from today. The central government is giving you a chance to buy cheap gold. The first batch of Sovereign Gold Bonds for FY 2021-22 is starting from 17 men today. Which is for five days. For the next 5 days you can buy gold cheaper than the market price. Guaranteed profits can be made in the coming days. On the other hand, a special offer is also being made by IDBI Bank to its customers.
Sovereign Gold Bond Price
According to information provided by the Finance Ministry, Sovereign Gold Bonds will be issued in six installments between May and September. The Reserve Bank has fixed a price of Rs 4,777 per gram for this. Those applying online and paying through digital payment will be given a discount of Rs 50 per gram.
IDBI special offer
A special offer has also been made to the customer by IDBI Bank. Under which the information has been given to buy cheap gold from the bank by issuing a photo. In Sovereign Gold Bond you are issued at least one gram of gold and its multiples. Also, the price of the bond is determined by the average closing price of 999 purity gold offered by the Indian Bullion and Jewelers Association Limited.
What is Sovereign Gold Bond?
Sovereign gold bond is a government bond. Which can be changed in demat form. Its value is not in rupees or dollars, but in terms of the weight of gold. This means that if you have a 10 gram gold bond, then the price of 10 grams of gold will be the same as the price of the bond. This bond is issued by the Reserve Bank of India on behalf of the government. The scheme was launched in 2015. According to the ministry, these bonds can be found in all banks, Stock Holding Corporation of India Limited, Post Office and recognized stock exchanges, NSE and BSE.