Modi government will sell cheap 6 times in 6 months, learn debt
The stock market is facing large fluctuations due to corona virus. So the government has also reduced interest rates on all savings accounts, but in the meantime, gold is giving good returns.
Great chance to buy gold cheaply
Modi government will sell gold 6 times in 6 months
It is worth mentioning that the Modi government is once again giving you an opportunity to invest in gold. The government has decided to issue sovereign gold bonds six times in the next six months. Investors can invest in sovereign gold bonds six times between April and September.
One gram to 4 kg of gold can be purchased
Investing in gold is proving beneficial. The Modi government has been offering investment in gold since 2015. In this scheme, one can buy at least 1 gram of gold, while the investment limit for gold is 4kg. However, investors are also exempt from taxation. Apart from this, loan can also be availed from the bank through the scheme.
Can I buy gold sometimes?
Gold bonds can be invested in the first series from April 20 to April 24 this month. Gold bonds can be invested in another series from 11 May to 15 May. One can then invest in gold bonds from June 8 to June 12. In addition, the fourth series will be released between 6 July and 10 July. Membership for the fifth series will be held between August 3 and August 7 and membership for the sixth series will be held from August 31 to September 4.
Gold is not bought at home, but can be invested
As you can tell, under the sovereign gold bond scheme, gold is not bought at home, but is used as an investment in bonds. Bond-based gold is determined by the Reserve Bank of India (RBI).
How can I buy gold?
You can get these bonds through Bank Stock Holding Corporation of India Limited Certified Post Office and recognized stock exchanges – National Stock Exchange and BSC.
Finance Minister Arun Jaitley has tweeted telling investors that if you supply online and make digital payments, you will get Rs. There will be a discount of 50. The central government is already campaigning for digital payments. People are asked to choose the digital payment option. Now there is an effort to make people digital friendly with the discount of gold bonds as the discount is available, so it would be worthwhile for the online investor to pay.