18 April 2020

Anandas / Modi government will sell gold cheaply 6 times in 6 months, Learn Date

The stock market is experiencing major ups and downs due to the Corona virus.  So the government has also reduced interest rates on all savings accounts, but in the meantime, gold is giving good returns.
Great opportunity to buy gold cheaply

 Modi government will sell gold 6 times in 6 months

 Notably, the Modi government is once again giving you the 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.

 From 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, anyone 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, loans can also be taken from the bank through the scheme.

Can gold be purchased occasionally?

 Gold bonds can be invested in the first series between April 20 and April 24 this month.  Gold bonds can be invested in the second series from May 11 to May 15.  Then, between June 8 and June 12, gold bonds can be invested.  In addition, the fourth series will be released between July 6 and July 10.  For the fifth series, subscriptions will be held between August 3 and August 7, and subscriptions for the sixth series will be held from August 31 to September 4.

 Gold is not purchased at home but can be invested

 As you can tell, under the Sovereign Gold Bond Scheme, gold is not bought at home, but used as an investment in bonds.  Bond based gold is determined by the Reserve Bank of India (RBI).

 How can gold be purchased?

 You can get these bonds through Banks Stock Holding Corporation of India Limited certified post office and accredited 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.  50 will be discounted.  The central government is already running a campaign for digital payments.  People are asked to choose the digital payment option.  An attempt is now being made to make people digital friendly with the Gold Bond exemption as there is a discount available, so it would be appropriate to pay for investor online.

 The scheme was started in November 2015.  The purpose of which was to reduce the demand for gold in physical form by reducing the purchase of gold and using it to finance financial savings through bonds.  If you invest in 'sovereign gold bond' instead of buying gold at home, you can also save tax.

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