The golden opportunity to buy gold, the government is selling cheap gold, knows who can buy and how much:

News India Live, Digital Desk: As soon as the festive season starts, the crowd of gold buyers gathered in the markets. But this time you do not even need to go to the shop, because the Indian government itself is giving you a great opportunity to buy cheap gold. Yes, Reserve Bank of India (RBI) Sovereign Gold Bond – SGB Has released a new installment of.

Under this scheme, the government is issuing bonds worth Rs 32,000 crore. This is not only a safe way to buy gold, but you also get cheap gold from the market price and interest from above.

So let’s understand in easy language what this scheme is, who can invest money in it and what are its benefits.

What is this Sovereign Gold Bond?

This is actually like buying gold in paper or digital form. You buy gold bonds from the government by paying money, which is related to the price of gold. You do not actually get gold, but get a certificate. When you sell it, you get the money back according to the gold price of that time. The RBI issues it on behalf of the government.

Who can buy this gold?

Any person living in India, Hindu undivided family (HUF), trust, university and charitable institutions can buy these bonds. However, NRI (NRI) cannot invest in it.

How much gold can you buy?

• at least: You can buy a bond equal to at least 1 gram of gold.
• At most:
  • A person or Hindu undivided family (HUF) can buy a maximum of 4 kg of bonds in a year.
  • Trust and other institutions can buy bonds up to 20 kg in a year.

The biggest question: What are the advantages?

1. Cheap gold: The government often releases these bonds at a low cost than the market price. Apart from this, if you pay online, then you also get an additional discount of 50 rupees per gram.
2. Interest from above: This is the biggest advantage of this scheme. You also get an interest of 2.5% every year on your investment, which is deposited in your bank account every 6 months. You never get this benefit by buying gold from the shop.
3. 100% guarantee of purity: These bonds are connected to the price of 24 carats (99.9%) pure gold.
4. There is no hassle to keep: Like physical gold, there is no fear of keeping it in a locker or being stolen, because it is in the form of your demat account or certificate.
5. There is also benefit in tax: After 8 years, when you sell it, there is no tax (capital gain tax) on the profits on it.

How and where to buy?

You can buy these gold bonds through banks (eg SBI, HDFC, ICICI), Stock Holding Corporation of India (SHCIL), post offices and stock exchanges (eg NSE, BSE).

If you want to buy gold in festivals, then think about this great scheme of the government once before going to the shop. It is safe and beneficial.