Modi government gift on Akshaya Tritiya 2021, will get a chance to buy pure and cheap gold for 5 days
New Delhi. Due to the Corona crisis in the country, if you are not able to buy gold on the occasion of Akshaya Tritiya 2021, then do not worry. Modi government has brought a golden opportunity for you.
The Modi government has once again announced sovereign gold bonds. Under this, you will be able to buy gold even in the midst of Corona crisis, you will get this opportunity from May 17.
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You can invest in such gold
The Finance Ministry recently said in a statement that Sovereign Gold Bonds will be issued in six installments between May and September.
Purchases can be made between May 17 and 21 under the first installment of FY 2021-22. After this, bonds will be issued on 25 May.
How to shop
According to the Finance Ministry, the bonds will be sold through the Stock Holding Corporation of India Limited, designated post offices and recognized stock exchanges, the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.
Let us tell you that small finance banks and payment banks will not be allowed to sell bonds. The Reserve Bank will issue these bonds on behalf of the Government of India.
You will get such a discount on online shopping
The price of gold bond will be at the normal average price of the price issued by India Bullion and Jewelers Association Limited.
This price will be the average price of 999 purity gold during the last three business days of the week preceding the investment period.
Those paying online or digital to buy bonds will get a discount of Rs 50 per gram in the bond price. That is, there will be a profit of 500 rupees on a weighment
Gold purchase limit from 1 gram to 4 kg
Let us tell you that the investment in gold baud can be done as per the basic unit of one gram. That is, at least one gram of gold will have to be invested. At the same time, any person and a Hindu undivided family can buy a maximum of four kilograms of gold. At the same time an institution or trust can buy up to 20 kg of gold.
What is Sovereign Gold Bond?
The government started this scheme in November 2015 to reduce the demand for physical gold. In Sovereign Gold Bonds, the investor does not get gold in physical form.
In this, you are issued a holding certificate on buying gold. It is safer than physical gold. The best thing is that due to being in electronic form one cannot question its accuracy. Gold bonds are issued by the RBI.