The 8th phase of gold bond sales will start from tomorrow and will continue till December 3.
The Central Government launched the Gold Bond Sale Scheme in November 2015. The government has raised Rs 25,702 crore through the sale of gold bonds till the end of March 2021. The Reserve Bank of India (RBI) has said that investing in gold is a good opportunity for investors looking for a safe investment amid huge volatility in the stock market.
In this context, the 8th phase of gold bond sales for the current financial year 2021-22 will take place from tomorrow till December 3. Will be held for a total of 5 days. The Central Reserve Bank has fixed the price of gold under the Gold Bond Scheme. Accordingly, this time the Reserve Bank has fixed the rate at Rs 4,791 per gram.
At the same time, it has decided to offer a discount of Rs 50 per gram to investors who apply online and pay digitally. For such investors, the price of a gram of gold would be Rs 4,741. The project ends on December 3rd. That means there is an opportunity to buy gold bonds until December 3rd.
An individual can purchase a minimum of 1 gram to a maximum of 4 kg under the Gold Bond Issue Scheme. At the same time, the government offers an interest rate of 2.5 percent per annum. Investors can buy gold bonds through post offices, banks and the stock market.