Sovereign gold bond scheme Government is again giving opportunity to invest in gold, buy 10 grams of gold and get huge discount
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Gold is considered the best option for investing in India. In view of the continuous increase in the price of gold, a large number of people want to invest in gold. The central government has also brought a government scheme for those who want to invest by buying gold, under which they can invest in gold.
This series of Sovereign Bond Scheme of the Central Government has started from 18th December, which will continue till 22nd December. This time under the scheme, Rs 6,199 will have to be paid for purchasing one gram of gold. This price is determined by the prevailing price of gold in the market. This price is decided on the basis of the rate given by IBJA. In this scheme run by RBI, both online and offline options are available to buy bonds. Let us tell you that this is the final for this year Sovereign bond scheme.
99.9 percent gold is available
Under this scheme, gold buyers get the opportunity to invest in 24 carat i.e. 99.9% pure gold. The government also gives an annual interest of 2.5 percent on investing in gold. The facility to take loan against this gold bond is also given.
Discount is available on 10 grams of gold
Under the Sovereign Gold Bond Scheme, a discount of Rs 50 is available on making digital payment and purchasing the bond online. Similarly, by purchasing 10 grams of gold, Rs 500 can be saved.
You can buy maximum amount of gold
A maximum of 4 kg gold can be purchased under this scheme. Whereas it is necessary to buy minimum one gram of gold. In this bond scheme, after purchasing gold, its maturity is after eight years. If the bond holder does not open the bond for a period of eight years and redeems the bond after the completion of the period, then he does not have to pay any tax. If the bond is opened within a period of five years then tax has to be paid. That means, if you withdraw money in five years, then 20.80 percent tax has to be paid on the profit as long term capital gain.
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