look news india
Sovereign Gold Bond: There is good news for those who want to invest in gold. The government is once again allowing you to buy cheap gold. You can invest in gold under the Sovereign Gold Bond Scheme from 12th February to 16th February. Let us tell you that Sovereign Gold Bond cannot be purchased always, the date for this is fixed from time to time. Earlier there was a chance to buy it on 22nd December. Now once again the government is going to allow investors to invest in it.
Know what is SGB
Sovereign Gold Bond is a government bond. It is issued by RBI. SGB can be converted into demat. This bond is of 1 gram of gold, that is, the price of 1 gram of gold will be the price of the bond. Through Sovereign Gold Bond, you can invest in 99.9 percent pure gold of 24 carat. On applying online and making digital payment, a discount of Rs 50 per gram is available. Any person can invest a minimum of 1 gram and a maximum of 4 kg of gold in a financial year.
where to buy
– Can buy online and offline from banks
– Can also buy from post office.
– Stock can be purchased through a holding corporation.
-There is also an option to buy from BSE and NSE platforms.
What are the benefits of investing in SGB?
On this you get 2.4 percent interest annually, which is paid every six months.
As the price of gold increases in the market, the value of your investment also increases.
Being demat, there is no worry about security.
Physical gold does not come under the purview of GST, 3 percent GST is levied.
Loan option through bonds is also available.
There is no problem regarding purity, because it is paper so you do not need to worry about its purity.
You will not have to pay any tax on gold after maturity.
There are investment opportunities both offline and online.