Sovereign Gold Bond Scheme: A New Opportunity To Invest In Sovereign Gold Bonds And Purchase Gold From The Market At Lower Prices Has Presented Itself
Sovereign Gold Bond Scheme: The Reserve Bank has announced the subscription date for Series-2 of Sovereign Gold Bonds (SGB) for those who are holding off on making a gold investment. According to the RBI, beginning on September 11, investors will be able to purchase gold. The price of the Sovereign Gold Bond would be reduced by Rs 50 per gram for investors who sign up online and pay using a digital payment method.
Due to gold’s constant price rise, investing in gold has always been advantageous. The government has introduced the second series of the Sovereign Gold Bond (SGB) program if you too wish to invest in gold. In comparison to market value, gold bonds are less expensive, and online purchases also qualify for discounts.
The subscription period for Series 2 of the Sovereign Gold Bond (SGB) for the year 2023 will begin on September 11 and end on September 15 of that same year. The Sovereign Gold Bond Scheme 2023-24 series’ 20 September 2023 settlement date has been established by the Reserve Bank of India (RBI). Let us inform you that the first series of gold bonds’ subscription period ran from June 19 to June 23.
Series II Of The Sovereign Gold Bond Scheme For 2023–24
The Sovereign Gold Bond Scheme 2023-24 Series-II will be open for subscription from September 11–15, 2023, per a Reserve Bank circular dated June 14, 2023. Price of Gold Bond: The price of gold per gram was Rs 5,923/- (Rupees five thousand nine hundred twenty three only) prior to the subscription period, which was on September 6, September 7, and September 8, 2023.
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You Will Benefit From A Discount When Making An Online Payment.
In agreement with the Reserve Bank, it has been decided to give investors who apply online and pay through digital means a discount of Rs 50 per gram off the fixed price; after that, the price of the gold bond would be Rs 5,873 per gram.
How To Purchase Sovereign Gold Bonds
According to Sovereign Gold Bond, it would be offered through listed commercial banks, the National Stock Exchange of India Limited, the Bombay Stock Exchange Limited, Stock Holding Corporation of India Limited, and Clearing Corporation of India Limited.
Options For Paying For Gold Bonds
The price of the Sovereign Gold Bond would be reduced by Rs 50 per gram for investors who sign up online and pay using a digital payment method. Up to Rs 20,000 would be given in cash as payment for the gold bond. Any sum in excess of this must be paid by demand draft, cheque, or online banking.
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