Sovereign Gold Bond: Here's how to buy cheap gold through government scheme
The 10th tranche of the 2020-2021 Sovereign Gold Bond Scheme has opened from today under which, customers can avail some discount on the yellow metal.
Sovereign Gold Bond: If you are looking to buy gold, here's some good news for you. The 10th tranche of the 2020-2021 Sovereign Gold Bond Scheme has opened from today under which, customers can avail some discount on the yellow metal. The scheme will remain open till January 15, 2021.
For the past 6 months, gold prices have remained above Rs 50,000 per 10 grams in the market. In the 9th series of Sovereign Gold Bonds, the price of gold was fixed at Rs 5,000 per gram. Although gold futures on MCX are cheaper by about Rs 6,000 than the hike.
The government will give a discount of Rs 50 per gram under its gold bond scheme to investors who apply online and the payment is made through digital mode.
As per a statement from the Finance Ministry, for investors using the digit mode for subscription, the issue price of gold bond will be Rs 5,054 per gram of gold.
Otherwise, issue price of the bond during the subscription period will be Rs 5,104 per gram.