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5/14/21

There is an opportunity to invest in Sovereign Gold Bonds from May 17, here are the special things about Sovereign Gold Bonds

Opportunity to invest in gold:There is an opportunity to invest in Sovereign Gold Bonds from May 17, here are the special things about Sovereign Gold Bonds






If you are thinking of investing in gold, the government has again come up with sovereign gold bonds for you. The first sale of Sovereign Gold Bonds for the financial year 2021-22 will start from May 17 and will continue till May 21. Sovereign gold bonds will be issued in six installments between May and September, according to information received from the Union Finance Ministry. Banks can also invest in this scheme of bonds issued by the Reserve Bank (RBI). However, its price is not yet known.

Read in Gujarati news 

Sovereign Gold Bonds will be issued in 6 Series

Sovereign Gold Bonds will be issued in 6 installments from May to mid-September. Find out here when this series will be released.

SeriesDuration
The firstMay 17 to 21
The secondMay 24 to 28
The thirdMay 31 to June 4
Fourth12 to 16 July
Fifth9 to 13 August
Sixth30 August to 3 September

What is a Sovereign Gold Bond?
Sovereign gold bonds are government bonds. It can be converted to demat form. It is not valued in rupees or dollars, but in the weight of gold. If the bond is five grams of gold, the value of the bond will be the same as the value of five grams of gold. To buy it, you have to pay the issue price to an authorized broker of SEBI. The bonds are issued by the government through the Reserve Bank of India.

RBI issues these bonds RBI issues
these bonds on behalf of the Government of India. According to the RBI, the bond price is based on the average closing price (published by the India Bullion and Jewelers Association) for the last 3 working days for gold of 999 purity. Those who apply online and pay by digital payment will get a discount of Rs 50 per gram.


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2.50% interest on
issue price Sovereign Gold Bonds get fixed interest of 2.50% per annum on issue price. This money is credited to your account every 6 months. You don't get this kind of benefit on physical gold and gold ETFs. According to the NSE website, one of the advantages of investing in Sovereign Gold Bonds is that there is no tax on the profits after a maturity period of 8 years. In addition, there is no TDS on the interest paid every six months.


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How much gold can be bought?
A person can buy a bond of value up to a minimum of 1 gram and a maximum of 4 kg in a financial year. However, the maximum purchase limit for the trust is 20 kg. The maturity period of the bond is 8 years. But investors get a chance to exit after 5 years. That means you can exit after 5 years if you want to exit this bond. According to the NSE, sovereign gold bonds can also be used as collateral when taking loans. Apart from this, these bonds can also be traded on the NSE.

No worries about purity and safety
Sovereign gold bonds don't have to worry about purity. According to the National Stock Exchange (NSE), the price of a gold bond is linked to the price of 24 carat gold refined by the Indian Bullion and Jewelers Association. At the same time it can be kept in demat form, which is quite secure and does not cost anything.


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It can be easily bought.
To buy gold you have to open a demat account through your broker. In it you can buy units of Gold ETF available on NSE and the amount will be deducted from the bank account linked to your demat account.

According to the ministry, the bonds will be sold by all banks, Stock Holding Corporation of India Limited (SHCIL), select post offices and accredited stock exchanges National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE)

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