The second installment of Sovereign Gold Bond, the central government’s plan to invest in digital gold, is starting from August 22 and will run till August 26. Sovereign Gold Bond is a scheme through which you can buy gold from the market at a cheap price.
New Delhi: If you are planning to buy cheap gold or invest in gold this month, then after only 2 days i.e. from August 22, you will be able to buy gold at a lower price than the market. One good thing is that, you can also get a discount of Rs 500 per ten grams. In fact, from next week i.e. 22 August, the central government’s plan to invest in digital gold, the second installment of Sovereign Gold Bond is starting and it will run till 26 August. Sovereign Gold Bond is a scheme through which you can buy gold from the market at a cheap price.
Second phase of Sovereign Gold Bond this year
This year i.e. in 2022, two installments of Sovereign Gold Bond are to be issued by RBI for those willing to buy gold digitally. The first installment of Sovereign Gold Bond has been released on 20 June 2022. Now between August 22 and August 26, the second installment of this scheme is going to be released. In this scheme of the government, between August 22 and August 26, you will be able to buy gold at a lower price than the market.
How much gold can you buy?
At least 1 gram of gold can also be bought in the Sovereign Gold Bond scheme launched by the government. Bonds under this scheme are issued by the Reserve Bank of India. Through the scheme, any Indian person, Hindu Undivided Family, Trust and University can buy gold. Under this, you can buy gold up to a maximum of 4 kg.
Rs.500 off per ten grams
50 per gram discount is also available on online payment under Sovereign Gold Bond Scheme. According to this, you will get a discount of Rs 500 per ten grams. Apart from this, if you invest in the Sovereign Gold scheme, you will also get an interest of 2.5% per annum.
