RBI Gold Scheme: It was said by the Reserve Bank of India (RBI) that the Gold Bond Scheme is being launched under the fourth series of 2022-23. Under this scheme, cheap gold will be available from 6 to 10 March.
Reserve Bank of India: If you also want to buy cheap gold, then this news is for you. An opportunity is being given by the government to buy cheap gold. Yes, you can reinvest in the Government Gold Bond (SGB) scheme.
The price of Rs 5,611 per gram has been fixed for the gold bond scheme opening for 5 days from Monday. It was said by the Reserve Bank of India (RBI) that the Sovereign Gold Bonds scheme is being launched under the fourth series of 2022-23.
Gold will be available from March 6 to 10.
Under this scheme, cheap gold will be available from March 6 to 10. For this, the issue price has been kept at Rs 5,611 per gram. According to the RBI statement, ‘The issue price will be less than Rs 50 per gram for investors applying and paying for gold bonds through online or digital mode. The issue price of gold bonds for such investors is Rs 5,561 per gram.
RBI issues gold bonds
Actually, the central bank 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. On the other hand, a softening in the price of gold is being seen in the bullion market. On Friday, 24-carat gold fell to Rs 56,103 per 10 grams in the bullion market. At the same time, silver reached Rs 64139 per kg.
