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SGB ​​Scheme: Central government will sell cheap gold, after a day from June 20, buy like this – News

Sovereign Gold Bond Scheme: If you are also planning to buy cheap gold then this news is for you. The central government is once again giving you a chance to buy cheap gold. You can also buy gold under the first series of Sovereign Gold Bond Scheme 2022-23 of the government.

The scheme will open for five days from June 20. This scheme to buy gold will open for five days from June 20 . For this the issue price has been fixed at Rs 5,091 per gram. This information was given by the Reserve Bank of India (RBI). The first series of Government Gold Bond (SGB) scheme 2022-23 will open for purchase between June 20 and 24, 2022. “The issue price of the gold bond has been fixed at Rs 5,091 per gram,” the central bank said in a statement.

Rs 50 per gram benefit on online payment
RBI said, “The issue price will be lower by Rs 50 per gram for investors applying for and paying for gold bonds online or digitally.” The issue price of the Gold Bond for such investors is Rs 5,041 per gram. The second series of Swarna Bond Scheme 2022-23 will be available for application from 22 to 26 August.

The central bank actually issues the bond on behalf of the Government of India. These can only be sold to resident individuals, Hindu Undivided Families (HUFs), trusts, universities and charitable institutions. In the last financial year 2021-22, SGBs were issued in 10 installments worth a total of Rs 12,991 crore.

The maximum limit of subscription is four kilograms for individuals, four kilograms for HUF and 20 kilograms for trusts and similar organizations. The Gold Bond scheme was first introduced in November 2015 with the intention of reducing the physical demand for gold.

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