Application for investment in Government Gold Bond Scheme from March 6
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For this, the issue price has been kept at Rs 5,611 per gram. According to the statement, “The issue price will be less than Rs 50 per gram for investors applying and paying for gold bonds through online or digital medium. The issue price of the gold bond for such investors is Rs 5,561 per gram.
Investors will be able to invest again in the Government Gold Bond (SGB) scheme from Monday. The price for gold bonds opening for five days has been fixed at Rs 5,611 per gram. The Reserve Bank of India said in a statement on Friday that the Gold Bond Scheme under the fourth series of 2022-23 will be available for purchase from March 6 to March 10. For this, the issue price has been kept at Rs 5,611 per gram. According to the statement, “The issue price will be less than Rs 50 per gram for investors applying and paying for gold bonds through online or digital medium. The issue price of the gold bond for such investors is Rs 5,561 per gram.
The central bank actually issues gold bonds on behalf of the Government of India. These can be sold only to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions. The maximum limit of subscription is 4 kg for individuals, 4 kg for HUF and 20 kg for trusts and similar entities per financial year. The gold bond scheme was first introduced in November 2015 with the intention of reducing the physical demand for gold.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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