Sovereign gold bond
If you want to invest in gold, then you have a great opportunity from January 11 to January 15. Modi government is going to sell cheap gold once again.
January 19 is settlement date
The government has announced Gold Bond 2020 21 (Series X). You can invest in this gold bond from January 11, 2021 to January 15, 2021. The settlement date will be January 19, 2021. Gold price has been fixed at Rs 5,104 per gram for investment in Sovereign Gold Bond 2020 21 (Series X). RBI has announced the price of gold on 8 January 2021.
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The Government of India, in consultation with the Reserve Bank of India, has decided to give a rebate of Rs 50 per gram on the issue price to investors who will apply online and pay through digital mode. The issue price of gold bonds for such investors will be Rs 5,054 per gram. The special thing is that by investing in gold bonds, you also get tax exemption.
Can invest up to 4 kg of gold
Under the scheme, individual investors and Hindu undivided families can invest at least one gram and a maximum of four kilograms of gold in a financial year. Trust and other such units can invest in 20 kg of gold every year. Gold bonds will be sold through banks, stock holding corporations of India, post offices and recognized stock exchanges.
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You can buy gold bonds here
Investor PAN is required with every SGB application. The gold bonds will be sold through banks, Stock Holding Corporation of India (SHCIL), designated post offices and recognized stock exchanges (NSE and BSE).