Sovereign Gold Bond Scheme: Before Ganesh Chaturthi, the government is giving opportunity to invest in gold, you will get discount with huge returns.

Sovereign Gold Bond Scheme: Many people in the country are excited about buying gold. At present the festival season is going on. In such a situation, the demand and sale of gold is increasing tremendously. Ganesh Chaturthi is in the next few days, this year this festival will be celebrated on 19th September. In such a situation, you have a great opportunity to buy gold at a low price. You must be aware that gold has always been a good investment option. Actually, the Central Government has released the Sovereign Gold Bond Scheme 2023-24. Know the complete details about this below.

Buy gold in these 5 days

For your information, let us tell you that the government has released the second installment of the Sovereign Gold Bond Scheme 2023-24. The second installment will continue from 11 to 15 September 2023. During these five days you can buy gold at lower prices. Through this scheme, gold can be purchased at a price lower than the market price. It is issued by the Reserve Bank of India (RBI) on behalf of the government. This time the government has released the price of gold per gram at Rs 5923. However, if you make online payment, you will get a discount of Rs 50 per gram of purchase. In this way you can buy one gram of gold for Rs 5873.

How much return will be received in the scheme

Investing in Sovereign Gold Bond Scheme can be a good option. These are much cheaper than their physical value. At the same time, investors can take cash after the completion of the tenure of the scheme. Let us tell you that the price of this bond is equal to physical 24 carat gold. The biggest advantage of this scheme is that you can buy gold at a lower price than the market and the government gives 2.5 percent interest on it till the maturity of the bond. How much return will be received after its expiry cannot be evaluated at the time of investment. Actually it is completely related to the price of 24 carat gold.

What is the duration of the scheme?

This scheme has a maximum tenure of 8 years, but you can come out of this scheme even after 5 years. A person can buy a minimum of 1 gram and a maximum of 4 kilograms of gold in a financial year. At the same time, a trust or institution can buy up to 20 kg of gold in a financial year.

Disclaimer: The above information is given here for information only. It should be known that investing in the market is a risky business. As an investor, always take expert advice before investing money. DNP News Network/Website/Writer does not advise anyone to invest money here. DNP News Network/Website/Writer will not be liable for any financial loss.

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