Good news for investors of buying gold bonds its open on monday RBI released issue price.
[ad_1]
Gold Bonds: The government has fixed the issue price of gold at Rs 5,926 per gram for the first installment of the Government Gold Bond (SGB) Scheme 2023-24 starting from Monday. The Finance Ministry said in a statement on Friday that gold bonds can be purchased in the first installment from June 19 to June 23. The issue price of gold bonds to be purchased during this period has been fixed at Rs 5,926 per gram. The ministry said that it has been decided to give a discount of Rs 50 per gram on purchase to investors applying for bonds online and making payments through digital means. The gold bond price for such investors will be Rs 5,876 per gram.
Good news for investors of buying gold bonds its open on monday RBI released issue price.
It started in November 2015
The bonds can be sold through banks, selected post offices, Stock Holding Corporation of India Limited (SHCIL) and stock exchanges – National Stock Exchange and BSE. The SGB scheme was first introduced in November 2015 with an objective to reduce the physical demand for gold and convert a part of household savings into financial savings through purchase of gold. The gold bond price is fixed by the India Bullion and Jewelers Association based on the average closing price of gold of 999 purity.
13 thousand crore bonds sold last year
In the last financial year i.e. 2021-22, the Reserve Bank introduced the Gold Bond Scheme in 10 installments. In which total SGBs worth Rs 12,991 crore were issued. Please tell here that an individual buyer can buy a maximum of four kg of gold. Whereas for HUF this limit is 4 kg and for trust or similar institutions the limit is 20 kg.Good news for investors of buying gold bonds its open on monday RBI released issue price.
[ad_2]
